Authored by Rick Moran via PJ Media,

The hosts of “The View” were forced to eat a little crow and correct the record after they casually smeared three of  Donald Trump’s cabinet picks and former Rep. George Santos.

ABC’s legal team thought that the anti-Trump harridans were exposing the network to several potential libel suits and hurriedly told the hosts to read the “legal notes” on air.

During a segment discussing the 23 charges against former Rep. Santos, including wire fraud, Joy Behar “forgot” to mention that Santos pled guilty to wire fraud and identity theft. Behar left the impression that Santos’s case had yet to be adjudicated.

That brought a quick legal disclaimer from ABC legal.

 “One minute, I just got a note,” Behar said. “We have to clarify that Santos eventually reached a plea deal after pleading guilty to wire fraud and aggravated identity theft.”

It went downhill from there.

The hosts then discussed the sexual assault allegations against Trump’s first attorney general-designate, Rep. Matt Gaetz, and his nominee for defense secretary, Pete Hegseth. After playing fast and loose with the truth by “forgetting” to mention that neither Gaetz or Hesgeth was never charged after an investigation into the allegations, Hostin was once again forced to read a legal disclaimer supplied by the producers.

“I have a legal note,” she said. “Matt Gaetz has long denied all allegations and has not been charged with any crime.”

“Also, another legal note,” Hostin said, looking annoyed “Pete Hegseth’s lawyer said he paid the woman [the person accusing him] in 2023 to head off the threat of a baseless lawsuit. He has denied any wrongdoing.“

A few minutes later, they were forced to issue a fourth legal disclaimer after implying that Trump paid off attorney general nominee Pam Bondi when she was Florida’s AG by donating to her campaign.

“I’m sorry everyone, I have another legal note,” Hostin said.

“Both Trump and Bondi have denied allegations of a quid pro quo that his past donation played any role in her office’s decision not to take legal action against Trump University when she was attorney general of Florida,” Hostin stated.

The View was forced to issue Four “Legal Notes” today for their lies against, Matt Gaetz, Pam Bondi, George Santos, and Pete Hegseth lol

There is a pattern…

They knowingly spread lies about Donald Trump and his ally’s… only to issue a “legal note” minutes later to avoid the… pic.twitter.com/LHLiQFZMyS

— MJTruthUltra (@MJTruthUltra) November 22, 2024

LMAOO

The View has to KEEP reading legal notes, because all they do is LIE. 🤦‍♂️🤦‍♂️ pic.twitter.com/UYVVCrB79R

— American AF 🇺🇸 (@iAnonPatriot) November 23, 2024

“The View” hosts issuing “legal notes” is a regular part of the broadcast.

“Quick legal note!”

The View was forced to issue 36 legal notes this year, due to their reckless, hate-fueled comments. pic.twitter.com/dqH7RXrgmo

— Media Research Center (@theMRC) December 23, 2022

New York Sun:

The compulsory reading of  the  “legal notes” comes as ABC’s owner, The Walt Disney Company, may be particularly sensitive to conservatives taking legal action against ABC News’s liberal television personalities for defamation. ABC News, which oversees “The View”,  is currently being sued by Trump over on-air comments made by “Good Morning America” co-host George Stephanopoulos who pestered Rep. Nancy Mace by asking her repeatedly to comment on how Trump had been “found liable for rape.” Mr. Trump was in fact only found liable for “sexual assault” in the case of the writer E. Jean Carroll, who accused him of raping her in a dressing room on the lingerie floor of the venerable Manhattan department store Bergdorf Goodman some time in the 1990s. Trump has strenuously denied the accusations.. 

ABC’s lawyers have failed to get his lawsuit thrown out and it’s entering the deposition phase, when ABC will be forced to disgorge internal communications. 

Is it that they feel so entitled that the truth shouldn’t matter, or are they so stupid they think that just because they believe something, it must be so?

Can ABC afford to have “The View” hosts running off their mouths, saying whatever comes into their tiny brains? Stay tuned.

Arabica futures in New York surged to 13-year highs amid concerns about inventory stockpiles this season in Brazil, the world’s top producer. With next year’s harvest still eight months away, supply fears are beginning to spook agricultural traders. 

Carlos Santana Jr., a Brazil-based commercial director at trader Ecom Group, told Bloomberg, “There are about eight months before the start of the next season, and the percentage of coffee sold by Brazilian growers is very high.”

“We might not have enough coffee to get to the next season,” Santana warned. 

Consultancy Safras e Mercado calculated that 70% of the current harvest has been sold, much of which pours into international markets. That compares with 64% in the previous season.

The strong stream of exports led the US Department of Agriculture’s Foreign Agricultural Service to estimate a reduction in Brazil’s coffee stockpiles. Inventories are expected to reach only 1.2 million bags when the current season ends in June. That is a 26% decrease compared to the previous year. The outlook for next year’s harvest is also rather dire. 

Skyrocketing prices have been fuelled by trees in Brazil that have an ultra-low number of cherries containing coffee beans, a byproduct of adverse weather conditions, such as drought, this year. Simultaneously, consumers have ramped demand for brews that require additional beans.

Arabica futures in New York have touched the highest levels since 2011. 

If monthly gains of +27% hold, Arabica futures will have sustained the biggest gains since February 2014.

Citi commodity strategist Arkady Gevorkyan told clients, “Coffee’s bull run [is] likely to continue near term,” adding, “We revise up our three-month target for Arabica coffee to $US3.10 a pound, and note a significant upside risk skew to this forecast as supply from Brazil and Vietnam could still underperform.”

Soaring demand for ready-to-drink coffee, combined with a bleak supply outlook in Brazil, will likely continue driving prices higher through the end of the year. This is terrible news for consumers as food inflation remains sticky. 

Authored by Jack Phillips via The Epoch Times (emphasis ours),

Special counsel Jack Smith on Monday dropped the election interference case against President-elect Donald Trump, seeking a judge’s dismissal of the charges.

In a 6-page court filing, Smith’s team argued that the Department of Justice (DOJ) has long argued “that the Constitution requires that this case be dismissed before the defendant is inaugurated,” referring to Trump’s recent election victory.

“This outcome is not based on the merits or strength of the case against the defendant,” the filing states.

His office said that prosecutors have conferred with Trump’s attorneys, who indicated they do not oppose the government’s motion.

“Based on the Department’s interpretation of the Constitution, the Government moves for dismissal without prejudice of the superseding indictment,” the court documents state.

The move marks an end to Smith’s criminal pursuit of Trump over the past two years or so, accusing him of attempting to illegally overturn the 2020 election. Smith also accused Trump of allegedly mishandling classified documents in a separate case, which was dismissed over the summer by a federal judge.

The decision was anticipated after Smith’s team said in court filings that it was assessing how to wind down both the 2020 election interference case and the classified documents case in the wake of Trump’s win on Nov. 5 over Vice President Kamala Harris.

According to Smith’s team, the DOJ believes the president-elect can no longer be tried in accordance with longstanding policy that says sitting presidents cannot be prosecuted.

The president-elect has often criticized the two cases that were brought by Smith, named as the special counsel by now-outgoing Attorney General Merrick Garland, describing them as attempts to use the DOJ to target a political opponent. Earlier this year, Trump told a radio host that if he were elected, he would move to remove Smith as special counsel.

Over the summer, the election case triggered a U.S. Supreme Court decision that said presidents can enjoy some immunity from prosecution for their official acts and duties.

Months later, Smith filed a superseding indictment that argued Trump acted on his own accord and not within his presidential duties when he allegedly broke the law. Trump had pleaded not guilty to those charges.

Trump also faced similar, election-related charges in Fulton County, Georgia. However, that case is in limbo after a co-defendant accused the prosecutor, Fani Willis, of being in a relationship with her special counsel, Nathan Wade, who resigned earlier this year after a judge issued an order.

That Fulton County judge, however, allowed Willis, an elected Democrat, to remain on the case. But Trump and several co-defendants petitioned the Georgia Court of Appeals to reject the judge’s ruling, effectively pausing the case.

In his business records case in New York, sentencing for Trump was postponed indefinitely last week by a judge after his election win. On May 30, Trump was convicted on 34 counts of falsifying business records in connection to payments he made during the 2016 presidential campaign, which he had denied were illegal.

Sentencing in that case was initially scheduled for July but was postponed until Nov. 26. In a ruling on Nov. 22, Judge Juan Merchan wrote that he was granting a request to adjourn that sentencing date.

Having made it clear that US energy is a core spoke of Trump’s economic revitalization strategy, the president-elect’s transition team is putting together a wide-ranging energy package to roll out within days of his taking office that would approve export permits for new liquefied natural gas (LNG) projects, increase oil drilling off the U.S. coast and on federal lands, and accelerating the replenishing of the Strategic Petroleum Reserve largely drained by Biden who did everything in his power to prevent oil prices from rising.

As reported by Reuters, the energy checklist largely reflects promises Trump made on the campaign trail, but the plan to roll out the list as early as day one ensures that oil and gas production will rank alongside immigration as a pillar of Trump’s early agenda.

Trump also plans to repeal some of Biden’s key climate legislation and regulations, such as tax credits for electric vehicles and new clean power plant standards that aim to phase out coal and natural gas, Reuters reported.

An early priority would be lifting Biden’s election-year pause on new export permits for LNG and moving swiftly to approve pending permits. Trump would also look to expedite drilling permits on federal lands and quickly reopen five-year drilling plans off the U.S. coast to include more lease sales.

Trump would also call on Congress to provide new funding so he can replenish the nation’s Strategic Petroleum Reserve which was depleted under Biden during the Ukraine war. Replenishing the reserve would boost short-term oil demand and encourage U.S. production.

And yes – in a symbolic gesture, Trump would approve the Keystone Pipeline, an issue that was an environmental flashpoint and which was halted after Biden canceled a key permit on his first day in office. But any company looking to build the multibillion-dollar effort to carry Canadian crude oil to the U.S. would need to start from scratch because things like easements have been returned to landowners.

“The American people can bank on President Trump using his executive power on day one to deliver on the promises he made to them on the campaign trail,” Karoline Leavitt, Trump’s transition spokesperson, said in a statement.

Many of the elements in the plan would require time to move through Congress or the nation’s regulatory system. Trump has promised to declare an energy emergency on his first day in office that could test whether he can bypass those barriers to impose some changes on an accelerated schedule.

Separately, as discussed last week, Trump will also put pressure on the highly politicized and pro-Biden International Energy Agency, the Paris-based energy watchdog that advises industrialized countries on energy policy. Republicans have criticized the IEA’s focus on policies to reduce emissions. Trump’s advisers have urged him to withhold funding unless the IEA takes a more pro-oil position.

“I have pushed Trump in person and his team generally on pressuring the IEA to return to its core mission of energy security and to pivot away from greenwashing,” said Dan Eberhart, CEO of oilfield service firm Canary.

Trump’s push to restore LNG exports comes less than a year after Biden put a freeze on new LNG export permits in January to study the environmental impacts, in a failed election-year move aimed at making gains with the party’s green voting blocs. Without the export permits, developers cannot go ahead with multi-year construction plans for new projects. Projects delayed include Venture Global’s CP2, Commonwealth LNG, and Energy Transfer’s Lake Charles complex, all of which are in Louisiana.

The United States is the world’s top producer of natural gas, and became the No. 1 exporter of LNG in 2022 as Europe looked to America to wean itself off Russia’s vast energy supplies following the invasion of Ukraine, and especially after the CIA blew up the Nord Stream pipeline and tried to blame Putin.

“The LNG issue is a lay-up and he plans to go strong on the issue,” said one of the sources.

There are five U.S. LNG export projects that have been approved by the Federal Energy Regulatory Commission, but are still awaiting permit approvals at the Department of Energy, federal records show.

Biden’s pause also halted necessary environmental reviews, portions of which may still be needed for the five pending DOE permits to withstand legal scrutiny.

Finally, Trump will look to accelerate drilling off the U.S. coast and on federal lands. The average time to complete a drilling permit on federal and Indian land averaged 258 days in the first three years of Biden’s administration, up from 172 days during the four years of Trump’s presidency, according to federal data. Trump is expected to expedite pending permits, hold sales more frequently and offer land that is more likely to deliver oil.

Still, despite the lag time in permit approvals, Biden’s Interior Department approved more onshore oil drilling permits on average than Trump’s first administration, federal records show. Oil output on federal lands and waters hit a record in 2023, while gas production reached its highest level since 2016, according to federal data.

Drilling activity on federal lands and waters accounts for about a quarter of U.S. oil production and 12% of gas output.

By Jane Foley, Senior FX strategist at Rabobank

News that Scott Bessent is the top choice for incoming US Treasury Minister has raised the possibility that some ‘Trump trades’ may be watered down. Bessent, a successful macro hedge fund manager, is associated with a preference to reduce the US budget deficit to 3% of GDP, which clearly suggests less appetite for deficit spending. At the same time he is reportedly in favor of stripping back regulation to raise US growth to 3% and ‘layering in’ tariffs gradually. US stocks are higher on the hope that regulation may be cut while Treasury yields have fallen in response to what is considered to be a credible and fiscally hawkish choice by Trump. The USD has dipped in line with yields, but it is holding its place as best performing G10 currency in the month to date.

On Friday, EUR/USD dropped to its lowest levels in two years. The dismal PMI data from both France and Germany was the latest contributor to a move which has pushed the USD and the EUR to the opposite sides of the G10 FX performance table this month. The choice of Bessent as Treasury Secretary may have calmed a few nerves, but the consensus has been making clear its view that Trump’s tax and tariff policies will bring upside risk to inflation and limit the Fed’s ability to continue its rate cutting cycle.

Distinct from the strong USD backdrop, the story of EUR resilience that persisted through much of this year has caved in. Provisional November PMI data for Germany and France on Friday were a worrying harbinger of the economic gloom to come. The German numbers followed a downward revision to German final Q3 GDP to just 0.1% q/q. The story of stagnation in Germany is hardly new. However, in the first half of this year the market was clinging onto the expectation that growth would be lifted in H2 by rising real household incomes. The failure of the recovery to materialise is now forcing the market to confront the view that Germany’s adjustment to the loss of cheap Russian energy and a changed trading relationship with China could take a lot longer to adjust to. It is unclear whether fresh elections in Germany can bring a change in the country’s debt brake and the possibility of fiscal stimulus. Either way, the voices clamoring for more stimulus from the ECB are becoming louder. In an interview published this morning in Les Echos, ECB Chief Economist Lane stated that “monetary policy shouldn’t remain restrictive for too long. Otherwise, the economy won’t grow sufficiently, and inflation will fall, I believe, below target”. The ECB is widely expected to cut rates for the third consecutive time next month. France, of course, has its own problems. Last week, Marine Le Pen, head of the far-right National rally, indicated that her party could join the Left in voting for a motion of no confidence in PM Barnier should he fail to consider its concerns about the impact of his budget on consumer incomes. It is unclear exactly how French politics will play out. Oat yields eased a touch on Friday, but nerves remain frayed. We expect EUR/USD can hit parity on a 6-month view.

The COP 29 climate summit reached an agreement yesterday to triple the flow of climate finance to poorer countries. The deal, however, triggered anger from developing countries and accusations that the pledges will not address the enormity of the challenge that is being faced. Further doubts prevail over the commitment of the incoming US Administration on climate change.

Iran has reported that it will hold talks this week with France, Germany and the UK on issues that will include its atomic programme.

Early Monday morning, internet mogul Kim Dotcom announced on X, “I am recovering from a serious stroke.” The statement comes as Dotcom continues to fight deportation from New Zealand to the US on charges related to his defunct file-sharing website Megaupload. 

“I am recovering from a serious stroke. I have the best health professionals helping me to make a recovery. I will be back as soon as I can. Please be patient and pray for my family and I,” the post said. 

UPDATE: I am recovering from a serious stroke. I have the best health professionals helping me to make a recovery. I will be back as soon as I can. Please be patient and pray for my family and I.

— Kim Dotcom (@KimDotcom) November 25, 2024

Dotcom’s lawyer, Ira Rothken, confirmed that the X post was accurate to the Associated Press. Rothken would not confirm to the media outlet whether Dotcom or someone else wrote the post. 

News of Dotcom’s deteriorating health comes during a prolonged battle by the US government to extradite the Megaupload founder over charges of money laundering, copyright infringement, and racketeering. 

In mid-August, Justice Minister Paul Goldsmith announced that he had signed an extradition order for Dotcom, saying in a statement: “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial,” adding “As is common practice, I have allowed Mr Dotcom a short period of time to consider and take advice on my decision.”

The extradition order comes 12 years after an FBI-ordered raid on his Auckland mansion. In 2017, the high court in New Zealand first approved his extradition – with an appeal court reaffirming the finding in 2018. In 2020, the country’s supreme court again affirmed the finding, however they also left the door open for further judicial review.

Dotcom responded to the decision, posting at the time that “the obedient US colony in the South Pacific just decided to extradite me for what users uploaded to Megaupload.”

The Finnish-German millionaire made it clear months ago: “I love New Zealand. I’m not leaving.”

The decision to extradite you is a blow to justice. You fought against unfair persecution for over a decade. The U.S. wants to scapegoat you for issues they couldn’t control. NZ should should protect you, not serve as a proxy for U.S. overreach.

— Elon Musk (@persianracer) August 15, 2024

He also noted, “Don’t worry I have a plan.” 

Oops 😬 Don’t worry I have a plan 😉 pic.twitter.com/1ow9drHcfv

— Kim Dotcom (@KimDotcom) August 15, 2024

X users were mostly shocked by the news.

Authored by Thomas Brooke via Remix News,

A petition demanding a new general election in the United Kingdom has surpassed 2 million signatures, piling pressure on Keir Starmer’s Labour government, whose popularity has plummeted since it gained power in July.

The petition, launched late last week on the U.K. parliament’s website, calls for another public vote due to the left-wing government having “gone back up on the promises it laid out in the lead-up to the last election.”

Parliament is obliged to debate all petitions that surpass 100,000 signatures.

The petition recorded the fastest growth to 1 million signatures in history, reflecting the widespread public dissatisfaction toward the current government and the desire for a renewed mandate.

Michael Westwood, the man behind the viral petition, told the Express news website that he, like many of the British public, is feeling “betrayed with the promises we were told” during the election campaign, and claimed the reality “looks nothing like what was promised.”

“I think people have had enough, people have seen what’s happened over in America as well, and I think that’s had a knock-on effect. If people stand together and vote, then we can make a change,” he added.

The Labour Party’s ascent to power in the United Kingdom was significantly bolstered by pledges to shield working individuals from tax hikes and to uphold key social benefits. However, recent policy decisions, particularly those unveiled in Chancellor Rachel Reeves’s budget, have sparked widespread criticism and allegations of broken promises.

Having vowed not to increase the record-high tax burden on “working people,” the left-wing government has, within just four months, announced a £25 billion rise in employers’ national insurance contributions, the cost of which many believe will affect wage rises and drive up costs for consumers.

Additionally, Reeves announced increases in capital gains tax to 18 percent for basic rate taxpayers and 24 percent for higher rate taxpayers, slashed Winter Fuel Payments designed to help the elderly manage heating costs during the colder months, and introduced inheritance tax rules for farmers that could see a majority of family-owned farms have to sell productive land to meet tax obligations.

Asked about the petition on Monday, government minister Jess Phillips dismissed the concerns of the signatories.

BREAKING 🚨 JESS PHILLIPS ASKED ABOUT PETITION

“Why do you suppose this petition to hold a fresh general election has attracted 1.6 million signatures?”

“I’m not sure you’d have to ask the petitioners” – Jess Phillips

They don’t even know why the public can’t stand them. pic.twitter.com/JyeCjwRGSh

— Basil the Great (@Basil_TGMD) November 25, 2024

“I make no bones about the fact that we will have to make difficult decisions and some people won’t like that. I didn’t come into politics to please everybody all the time,” she told LBC.

When asked why she believed the petition was gaining such unprecedented traction, she replied: “You’ll have to ask the petitioners.”

The prime minister’s office has yet to comment on its rapid growth.

Read more here…

Update (1116ET):

AFP News reports that Berlin said the DHL cargo plane crash in the Lithuanian capital, Vilnius, could have been either an “accident or a hybrid incident.” No other additional details were given.

Separately, Deutsche Presse-Agentur reports that German logistics giant DHL said there was no evidence of suspicious packages on board the cargo plane.

DHL B737-476(SF) cargo plane crash near Vilnius Airport (VNO), Lithuania shows no issues reported by the pilots before the terrain impact, according to Lithuanian officials.

The aircraft was carrying out flight QY5960 from Leipzig to Vilnius and the accident took place while… https://t.co/KKmGJjzwUR pic.twitter.com/Lw1suxfAtK

— FL360aero (@fl360aero) November 25, 2024

“At this point in time, we have no information that indicates anything unusual or suspicious,” Ausra Rutkauskiene, the sales and marketing manager at DHL Lithuania, said.

Rutkauskiene added that DHL would not comment further while investigations were ongoing. She said, “We don’t want to speculate” on the cause of the crash.

New footage…

Video footage via Lithuanian National Television gives further perspective of this morning’s crash of DHL flight QY5960 whilst on approach to Vilnius International Airport.https://t.co/nr0nuzaPvt#Vilnius #DHLVilnius #VilniusAirport #AvGeek pic.twitter.com/VlQoPO6RrP

— AviationSource (@AvSourceNews) November 25, 2024

*   *   * 

A Swift Air Boeing 737-476, operating on behalf of DHL, crashed into a residential area in the Lithuanian capital of Vilnius, killing one person on board and injuring three others. 

The cargo plane was on final approach to Vilnius International Airport when it crashed about a mile short of the runway.

“A DHL cargo plane flying from Leipzig, Germany, to Vilnius Airport crashed in Liepkalnis at around 5:30 a.m. City services are currently on-site, along with a fire truck and a command team from Vilnius Airport. Airport operations are not disrupted at this time,” Lithuanian Airports wrote on X. 

A DHL cargo plane flying from Leipzig, Germany, to Vilnius Airport crashed in Liepkalnis at around 5:30 a.m. City services are currently on-site, along with a fire truck and a command team from Vilnius Airport. Airport operations are not disrupted at this time.

— Lithuanian Airports (@LTairports) November 25, 2024

Lithuania’s national police force told NBC News in an emailed statement, “According to preliminary data, a cargo aircraft carrying 4 people crashed near the Vilnius International airport at 5.30 a.m. local time. 1 person was declared dead, 3 injured.” 

X account Breaking Aviation News & Videos posted a video of the Boeing cargo jet on final, then crashing one mile short of the runway… 

Swiftair cargo 737-400 has crashed while on approach to Vilnius International Airport, Lithuania.

One pilot and one person on the ground were killed. The second pilot and two others survived with unspecified injuries.

The aircraft, operated by a DHL contractor Swiftair, was… pic.twitter.com/FUyexI9ObE

— Breaking Aviation News & Videos (@aviationbrk) November 25, 2024

Footage of the crash area. 

A DHL cargo plane crashed into a neighborhood close to Lithuania’s Vilnius Airport.#DHL #Cargoplancrash#Lithuania pic.twitter.com/62o2Fw3JIa

— Generous. (@MirFaizan306) November 25, 2024

VIDEO: A cargo plane flying from Germany to Lithuania crashed early Monday near the airport of the capital Vilnius killing one person, firefighters said.

“The plane was due to land at Vilnius airport and crashed a few kilometres away,” Renatas Pozela, the head of the… pic.twitter.com/iytNG46zcL

— AFP News Agency (@AFP) November 25, 2024

One OSINT account on X, who goes by “auonsson,” alleges, “DHL/Swift flight BCS18D was jammed as it crashed. Might not be related. Vid on the other site.” 

DHL/Swift flight BCS18D was jammed as it crashed. Might not be related. Vid on the other site. pic.twitter.com/0yjJwH8QXw

— auonsson (@auonsson) November 25, 2024

Hmm.

GPS/GNSS disruption around The Suwalki Gap and the area around Kaliningrad Where DHL flight BCS18D crashed in Lithuania is a GPS. pic.twitter.com/vmil5eyGdb

— Wayne Metcalf (@waynepmetcalf) November 25, 2024

Or maybe?

During the last minute or so of #DHL flight #BCS18D, the pilot confused some info in his read backs of #Vilnius ATC instructions while approaching RWY 19.https://t.co/710JSIdipH

1. Altimeter settings: “QNH 1019″ instead of QNH 1020”, possibly mixing up RWY with QNH info. https://t.co/906arlCjEU

— Der Freisteller 🇪🇺 🇩🇪 🇺🇦 🇮🇱 (@Freisteller) November 25, 2024

ATC audio captures the cargo plane on approach. 

The investigation into the crash is just beginning. Speculation will likely focus on whether GPS jamming caused the pilots to miss the runway on final – or possibly human error… However, nothing is conclusive yet. 

This incident comes weeks after Western security officials made new bombshell allegations of a Russian plot aimed at bringing down cargo and passenger planes in Europe.

Authored by Mike Shedlock via MishTalk.com,

Let’s dive into details of the latest YouGov/CBS News poll on immigration, policy and the US economy.

CBS News reports CBS News poll finds Trump starts on positive note as most approve of transition handling

As was the case with voters throughout the campaign, most Americans would, in principle, approve of a new mass deportation program.

If the Trump administration does start a mass deportation program, most of the public would have it carried out by law enforcement or current immigration agencies — most would not have the U.S. military do it.

If Trump really does decide to go after “all” illegal immigrants, the economy will suffer and he will regret it.

Excited About Trump

Overall, Republicans today are more excited about what Trump will do as president now than they were in 2016 when he was first elected.

Exhaustion to Oppose Trump Sets In

Democrats say they feel more scared about what Trump might do than they did in 2016, and a large majority of Democrats think as president he will threaten their rights and freedoms. But at the same time, there seems to be a sense of exhaustion, as fewer than half of Democrats feel motivated to oppose Trump right now. 

Food and Grocery Prices

This one is clear. Optimism is totally unwarranted.

Tariffs will increase prices and deportations may cause shortages of farm workers.

Confirmation Hearings

This one is interesting and surprising to me.

Not even Republicans support a blanket approval of Trump’s cabinet picks.

Tariffs

More tariffs were coming no matter who won. This is the most protectionist the nation has been since the Great Depression.

I am surprised that 48 percent are thinking clearly.

Republicans used to be the free trade advicates. What a reversal.

Elections and Democracy

This is another interesting result.

Not even a majority of Republicans feel secure.

Looking ahead, each side fears the other.

Surprise, Surprise

There are many more questions in the poll for inquiring minds, especially on cabinet picks. But many of those were “I don’t know enough”, a very reasonable answer.

I was surprised by many of the answers. How about you?

Related Posts

September 26, 2024: Trump Claims Tariffs Will Reduce the Trade Deficit. Let’s Fact Check

Trump proposes 60 percent tariffs on China. Would that reduce the trade deficit? Where? How?

October 1: Trump vs Frederic Bastiat: Who Is Right About Tariffs?

Previously, I discussed tariffs and the trade deficit. This post is about Trump’s proposal to use tariffs to fund projects.

October 5, 2024, Buy American Provisions Cost $125,000 Per Job Created

“Buy America” sounds great. But it’s costly and about to rise steeply.

October 15, 2024: What Would Trump’s Mass Deportation of Immigrants Cost?

Trump promises the largest deportation project in history. The crowd cheers. But what does it mean?

November 7, 2024: The New Home for Hispanics is the Republican Party

Please play this PBS video interview of Florida rep. Maria Salazar on Hispanics, Trump, and deportations.

Trump’s Conflicting Economic Agenda and Goals Are Impossible

The bottom line is easy to state: Trump’s Conflicting Economic Agenda and Goals Are Impossible

Trump promises to increase exports, increase tariffs, reduce the trade deficit, reduce the fiscal deficit, reduce inflation, reduce taxes, and increase growth.

Trump simultaneously needs a very weak and a very strong dollar.

Believe what you want but It’s logically impossible. And Trump is set to expand the deficit, not reduce it.

Having been left for dead by almost everyone, and missing out on much of 2024’s surge in bitcoin, the second largest crypto currency Ethereum has finally staged a powerful rebound in recent weeks, with the derivatives market signaling further bullish momentum as futures open interest surged over 12% to an all-time high of $20.8 billion on Friday. This followed a 7% price increase over the past 24 hours that pushed Ethereum to $3,365.

Open interest, which measures the total number of outstanding contracts in a derivatives market, has reached unprecedented levels for Ethereum. Analysts cited by The Block attribute this surge to heightened bullish sentiment among derivatives traders.

According to a CryptoQuant report, the Ethereum OI-weighted futures funding rate has spiked numerous times over the past week to hit new all-time positive highs, signaling a prevailing dominance of long-position traders. It is currently at 0.0374%, according to Coinglass data. “This suggests a market sentiment favoring upward price movements in the short term,” the CryptoQuant report added.

What is notable is that even as the price of ether languished and went nowhere as so many of its crypto peers exploded higher in recent months, the Ethereum futures market had seen substantial growth. According to CryptoQuant data, Ethereum’s open interest has grown over 40% in the last four months, crossing the $20 billion mark and surpassing its previous high of over $17 billion in May.

“Ethereum’s derivatives market activity reflects growing investor engagement, with futures open interest recently crossing $20 billion for the first time,” said a CryptoQuant analyst.

The result is that Eth futures funding rates are currently positive, signaling a market skewed toward long positions. Additionally, Ethereum’s estimated leverage ratio—a measure of the open interest divided by exchange reserves—has climbed to a new record of 0.40. This suggests increased risk-taking among traders, as they use higher leverage to amplify potential returns.

However, the CryptoQuant report warned that elevated leverage and the dominance of long positions could increase the risk of a long squeeze. “Sudden price volatility could trigger liquidations, leading to market corrections,” the CryptoQuant report added.

On the other hand, one can argue that a short squeeze is just as, if not more likely as a result of the massive build up of leveraged fund (i.e. hedge fund) shorts in both micro ETH….

… and especially in the large cash settled futs, which in the last two weeks saw the second biggest weekly increase on record.

So should the price of ETH rise above 3,400 where the bulk of the short liquidation triggers are located…

… ETH may soon finds its way back to all time highs.