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August 22, 2024

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In a 1988 interview with Oprah Winfrey, the celebrity talk show host appeared to be amazed at Americans’ ‘fascination’ with Donald Trump and even described him as a ‘folk hero’ for being so popular. 

‘Various celebrities in New York, because it was the opening concert in New York, and there were all kinds of celebrities – very, very famous people coming in to be seated. When you were seated, you got the loudest applause. People stood up and roared and cheered when you walked in,’ Winfrey said during the interview. ‘Why is that? What is this fascination?’

‘I don’t know, maybe I should be a rockstar,’ Trump replied.

‘They thought you were going to moonwalk,’ Oprah quipped. 

After Trump pondered his popularity with Oprah, she also referred to him as a ‘folk hero.’

The unearthed interview came to light a day after Winfrey made a surprise appearance at the Democratic National Convention Wednesday night, during which she railed against Trump, her former friend. 

‘We know all the old tricks and tropes that are designed to distract us from what actually matters,’ Winfrey told those gathered at Chicago’s United Center. ‘But we are beyond ridiculous tweets and lies and foolery. These are complicated times, people, and they require adult conversation. And I welcome those conversations because civilized debate is vital to democracy, and it is the best of America.’

Winfrey also took aim at comments Trump made last month, when he told supporters they ‘won’t have to vote anymore’ if they elect him because he will fix all their problems. 

‘Now, there’s a certain candidate that says if we just go to the polls this one time, that we’ll never have to do it again. Well, you know what? You’re looking at a registered Independent who’s proud to vote again and again and again because I’m an American. And that’s what Americans do. Voting is the best of America.’

Shortly after her speech, the Trump campaign posted a thank you letter that Winfrey wrote to Trump in 2000, suggesting he would be a good president and they would make a good team working together in politics.

‘I might have thought it back then,’ Winfrey said in a 2023 interview. ‘I might have thought it 23 years ago.’

Fox News Digital reached out to Winfrey for comment but did not receive an immediate response prior to publication.

‘This is typical. Many of the liberal celebrities attacking President Trump now used to love him,’ Karoline Leavitt, Trump campaign national press secretary, told Fox News Digital. ‘They only pretend to hate him now because he’s a Republican, and because they are phonies like Kamala Harris.’

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RFK Jr’s running mate, Nicole Shanahan, shared a post to X claiming that Democrats are ‘terrified’ their campaign may endorse Donald Trump.

In a post on X on Thursday, the independent VP pick said ‘My old Dem buddies have been flooding me with frantic calls, texts, and emails. Unlike Ro, I wouldn’t dream of airing those private conversations publicly, but the message is clear: they’re terrified of the idea of our movement joining forces with Donald Trump.’

‘When I point out what the Democratic Party and their super PACs have done to sabotage our campaign, their response is always, ‘but Trump is worse.’ Here’s an idea: stop suing us. Let us debate. Quit rigging the media and the polls. It’s a simple formula, people—get with it,’ the post concluded.

A source close to the campaign told the NY Post on Thursday that RFK Jr’s campaign suspension will be announced Friday in Phoenix, Arizona.

Shanahan joined Fox News @ Night on Tuesday, saying ‘You know, it’s Bobby’s decision. I came into this supporting him wholeheartedly to win this election. And I have to say, there’s only one party that has obstructed fair, a fair election for us. And unfortunately, it was the Democratic Party. They’ve done everything they can, including creating PACs to prevent us from being able to have ballot access.’

The Kennedy/Shanahan ballot has faced uphill climbs in order to get on the ballot state-by-state nationwide. Most recently, it faced a roadblock in New York State due to a residency dispute.

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CHICAGO – It’s a sight you wouldn’t expect to see.

A longtime Republican who ran for the 2024 GOP presidential nomination making the rounds at the Democratic National Convention.

But that’s the case for former two-term Arkansas Gov. Asa Hutchinson.

‘I’m doing media. I’m not here to endorse the Democratic nominee,’ Hutchison said in an interview this week with Fox News Digital. ‘This is my first Democratic convention.’

But Hutchinson, who waged an unsuccessful long-shot bid last year for the Republican nomination, shared, ‘I did go on the floor to see the Arkansas Democratic delegation here, and I want you to know that lightning didn’t strike and so everybody was safe.’

Asked if he felt out of place among a sea of Democrats, Hutchinson said ‘a little bit but at the same time, this is well reflective of American democracy that I’m greeted with a friendly fashion… This is a good part of politics that you can disagree but still be here and be welcomed.’

The former governor remains a very vocal GOP critic of former President Trump, who crushed Hutchinson and the rest of the field of challengers to cruise to the party’s nomination. 

Asked how he’ll cast his ballot in the presidential election, Hutchinson said he’s going to ‘write in a candidate, a good Republican candidate. It’s important to me to be a Republican and support the Republican cause.’

But he added, ‘We need to define it differently than Donald Trump and the rule of law is important to me. I said on the debate stage I’m not going to vote for a convicted felon. That still holds true.’

Since Vice President Kamala Harris a month ago replaced President Biden atop the Democrats’ 2024 ticket, Trump has repeatedly slammed the vice president as a far-left politician.

Hutchinson, pointing to a controversial plan by Harris to ban price gouging, said that in order to appeal to independent voters and dissatisfied Republicans, the vice president needs ‘to persuade them [voters] that her economic policy is not so far left and the argument about price controls is doing damage to her.

‘She needs to make clear that when she talks about her economic policy it’s a fight against price gouging, which attorneys general do all across America, and not price controls. She needs to make that clear either in her convention speech or elsewhere.’

He emphasized that ‘if you want to get independents, if you want to get swing voters and even some Republicans, you’ve got to show an economic policy that makes sense for America and doesn’t scare people.’

Hutchinson, a former federal prosecutor who later served in Congress and in Cabinet-level positions in President George W. Bush’s administration, dropped out of the White House race in January, the day after he finished a distant sixth in the Iowa caucuses.

Asked whether there’s another political chapter in his long career, he said, ‘I hope so.’

‘But right now I really want to teach. I’ll be teaching at the University of Arkansas Law School next semester. I’ll be doing some things on college campuses beyond that,’ he shared. ‘We’ll see what happens in the future.’

This post appeared first on FOX NEWS

CHICAGO – Former President Trump has repeatedly argued that Kamala Harris is an ultra-liberal and has insulted the vice president as ‘comrade Kamala’ in the month since she replaced President Biden atop the Democrats’ 2024 ticket.

But top Harris surrogates argue that the attacks from the former president won’t fly with American voters.

‘That boat doesn’t float. It just doesn’t float,’ Sen. Cory Booker, D-N.J., told Fox News Digital on Thursday, hours ahead of the vice president’s nomination acceptance speech on the final evening of the Democratic National Convention, which is being held in Chicago.

Booker, a leading ally of Harris in the Senate, pointed to legislation he has co-authored with the vice president that they have successfully ushered through Congress and into law.

‘I know the things we’ve worked on together. And it’s not sexy stuff. It’s how you clean up the environment, so less people are dying of cancer. It’s how you help farmers out. . . . There’s so many pragmatic things that she’s worked on, and a lot of it is bipartisan,’ Booker said.

Booker also charged that Trump ‘is the barrier to pragmatic problem-solving. Kamala Harris is the antedote.’

First-term Maryland Gov. Wes Moore, a rising star in the Democratic Party, was also asked about Trump’s efforts to paint Harris as a far-left politician.

‘I have learned not to spend much time listening to Donald Trump’s foolishness,’ Moore said.

Moore predicted that ‘what we’re going to hear from the vice president tonight, is actually a real vision of how we’re impacting everyday working families.’

And he argued that ‘what we’re hearing from Donald Trump is insults. So I think people are going to make the decision that that’s not the America they want to live in. That the America we hope for is bigger and better and greater than that. And so that’s why I’m confident that Kamala Harris is going to win in November.’

Two-term Illinois Gov. J.B. Pritzker, who was considered to be on the longer list of potential Harris running mates, told Fox News that he’ll be out on the campaign trail on behalf of Harris during the stretch run to the November election.

‘I’m going to be going to some swing states and speaking to Democrats and also to Independents, in Arizona for example. That’s just one of the many places that I’ll be,’ Pritzker told Fox News Digital on Thursday.

And Pritzker will also be campaigning on behalf of Harris and down-ballot Democrats on Labor Day in swing state New Hampshire, which Fox News was first to report last week.

The governor emphasized that ‘we’ve got to make sure that people understand that this election is the most important election of our lifetimes. And I mean that literally.’

This post appeared first on FOX NEWS

In this edition of StockCharts TV‘s The Final Bar, Dave continues a five-part series covering ten charts to watch in August 2024, honing in on two Health Care stocks showing renewed signs of strength. He also breaks down how earnings releases relate to price trends, and how investors should best track earnings dates for stocks on their watch list.

This video originally premiered on August 22, 2024. Watch on our dedicated Final Bar page on StockCharts TV!

New episodes of The Final Bar premiere every weekday afternoon. You can view all previously recorded episodes at this link.

According to media reports, independent presidential candidate Robert F. Kennedy, Jr. will suspend his presidential campaign as early as Friday and may even endorse former President Trump. But the question remains: will that have any impact on the race? Based on the people I’ve talked to, the answer may well be yes.

I will be honest, in my conversations with voters across this great land of ours, Robert F. Kennedy’s long-shot third party run for president has not come up all that often, but when it does, it is with a very certain kind of undecided voter.

The small group of voters still making up their minds whom I have spoken with are of two distinct varieties. The first and most common are those who like Trump’s policies, say they were better off when he was in the White House, but just don’t like him, on a personal or moral level.

‘I know I’m voting for a president, not a pope,’ one woman told me, a discernible mental anguish on her visage, ‘but it still feels wrong.’

‘They’re both so tied down by money and special interests,’ a couple in San Francisco told me, ‘We need a real outsider.’

Among these voters, nothing RFK, Jr. does is likely to have much impact. But there is another type of undecided voter I have discovered, a group that a scion of the Kennedy clan might have some sway over.

This group simply doesn’t trust that Trump and the Republicans, or Vice President Kamala Harris and the Democrats, are truly capable of bringing about real change.

‘They’re both so tied down by money and special interests,’ a couple in San Francisco told me, ‘We need a real outsider.’

Another voter said to me, ‘What are we even voting for?’

These Americans, a small but significant group, were consistently, and by far the most likely, to bring up RFK Jr. as a voting possibility, even when I never brought him up. And it really has nothing to do with Kennedy’s policy prescriptions.

 

This phenomenon is similar to something almost everyone covering the 2016 primary experienced; a bit of shock when some person in New Hampshire or Iowa would say, ‘For me, it’s between Donald Trump and Bernie Sanders.’

It seemed bizarre. On the one hand, you had the King of Capitalism, on the other, the Count of Communism, but none of that mattered. These voters just wanted somebody, anybody who was not part of the D.C. cabal.

Eight years later, Trump has lost much of his outsider status. He is now the official and established head of the GOP, a party he no doubt transformed, but now is also firmly part of ‘the system.’

This is where RFK Jr.’s potential endorsement of Trump could actually move the needle, especially if it comes with the promise of him serving some role in the administration. 

The pox on both houses that independents want is the transparency that comes from somebody from the outside being on the inside who will tell them the unvarnished truth – and agitate for change.

If Kennedy comes out this week and says he believes Trump is the one who can break up the monotonous monopoly of Washington power, then many of these voters may well pivot to the former president’s side.

There is one other aspect of RFK Jr.’s story that has a chance to move the needle. I have not met one Democratic voter who was truly angry about Joe Biden being replaced by Harris without getting any votes.

And when Republicans point this out, they are accused of concern trolling. After all, if Democrats are happy with the outcome, who cares? The GOP, the argument goes, isn’t worried about democracy, but rather that they could now lose.

Kennedy has a legitimate argument to make that he, himself, is an aggrieved party in the DNC shenanigans. It was Kennedy, along with others like Rep. Dean Phillips, D-Minn., who called for a fulsome and real primary process and were told by the party to kick rocks.

RFK Jr.’s warnings about Biden’s unpopularity and frailty proved prescient. Now he has the ability to call foul on this process in a way no Republican does.

The Democrats are already starting to come after Kennedy, wrongly claiming he has always been MAGA, but most voters know that isn’t the case. 

In a campaign chock-full of shocking curves and switchbacks, an RFK Jr. endorsement of Trump may only be a gentle bend in the road, but it might get Trump just a little bit closer to the finish line.

This post appeared first on FOX NEWS

In Monday’s DecisionPoint Trading Room video, we were asked why we cover Gold Miners (GDX) as well as Gold (GLD). There are two reasons:

Some people prefer to own the commodity, Gold, and others prefer to own an operating company that benefits from the price of Gold, such as Gold Miners. For a profitable mining company, when Gold increases in value, most of the increase goes straight to the bottom line because cost of goods is already paid for.Other people prefer Gold Miners because they may pay a dividend, and typically they out-perform Gold by a lot. That applies to movement in both directions. That is to say, Gold Miners will typically go up faster than Gold, but Miners also go down a lot faster than Gold.

This morning, I heard a money manager who asserted that people who own Gold should be selling it because, while Gold has been making all-time highs, Gold Miners need to advance another +50% to equal its 2011 all-time highs. The chart confirms that, but there is more to consider in this regard.

Here is a performance chart comparing the two from the 2011 top to the present, and we can see that GDX has underperformed GLD by about half.

But let’s look at just the decline from the 2011 top to the 2015 lows. We can see that GDX fell at an accelerated rate, driven by the negative sentiment associated with GLD’s decline.

The chart showing the performance from the 2015 lows shows that GDX has out-performed GLD by a lot, as we would expect; however, GDX took a -45% hit in 20 because of the securities bear market. Also, GLD had a rather tedious two-year sideways episode in 2020 to 2022, which would have been uninspiring to potential Miners investors. Nevertheless, GDX is still out-performing GLD by a considerable amount.

Conclusion: While the assertion that GDX underperformance since the 2011 all-time high justifies avoiding Gold, I think the premise does not consider all the evidence. Most important was the 2022 hit, which drove GDX down over -2.5 times more than GLD. That had less to do with Gold’s prospects than it did with general bear market panic.

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Former President Donald Trump’s campaign called out a veiled dig at running mate, Sen. JD Vance, R-Ohio, made by Minnesota Gov. Tim Walz at the Democratic National Convention. 

Walz, who formally accepted the Democratic vice presidential nomination Wednesday night, addressed the United Center in Chicago by speaking of his upbringing in the Midwest. 

‘Now, I grew up in Butte, Nebraska, a town of 400 people. I had 24 kids in my high school class, and none of them went to Yale,’ Walz said, prompting laughter from the audience. ‘But I’ll tell you what. Growing up in a small town like that, you’ll learn how to take care of each other. That that family down the road, they may not think like you do. They may not pray like you do. They may not love like you do. But they’re your neighbors. And you look out for them, and they look out for you.’

The Trump War Room X account posted a clip of Walz’s remark about Yale, where Vance attended law school.

‘Walz: ‘I had 24 kids in my high school class and none of them went to Yale,’’ Trump War Room noted, adding, ‘Weird flex!’ 

Vance is the author of ‘Hillbilly Elegy,’ a memoir about his time as a Yale Law School student reflecting on growing up in Appalachia that was adapted into a Netflix film. In his debut as Trump’s running mate at the Republican National Convention, Vance was open about being raised by his grandmother, whom he described as tough and keeping him away from drugs, and who would barter with the Meals on Wheels volunteers to help feed him growing up. Vance, credited for appealing to working-class Midwesterners in the Rust Belt, also spoke of his mother’s long battle with addiction. She is now nearly 10 years sober. 

Vance enlisted in the Marine Corps right after graduating from high school in Middletown, Ohio. He attended Ohio State University and later Yale Law School. 

Fox News host Martha MacCallum asked Vance to respond to Walz’s reference to Yale, suggesting he was deeming Vance ‘Mr. Fancypants Ivy League.’ 

‘I grew up in a very poor family. I was raised by my grandmother who didn’t graduate from high school, much less from college,’ Vance responded. ‘And I am proud of the fact that she really worked her tail off – she went to her grave fighting to give me opportunities. I’m not ashamed of the fact that my grandmother sacrificed for me, and I was able to live the American Dream. I’m proud of what I accomplished, and, more importantly, I’m proud of all the people who sacrificed in order to give me a better life.’

‘I would think Tim Walz would want to praise people who sacrificed to give their children and grandchildren a better life, not put me down, but I guess this is the political order of the day,’ Vance added. ‘He’s going to attack me. That’s fine. But I’m proud of my family. I’m proud of what they sacrificed to make my life possible.’ 

Walz, by comparison, enlisted in the Army National Guard at age 17 and served for 24 years. 

He has faced recent ‘stolen valor’ attacks from fellow veterans for reportedly opting to retire to run for Congress, while his unit went to Afghanistan months later. 

According to his congressional biography, Walz earned a Bachelor of Science from Chadron State College in Nebraska. The former Minnesota high school teacher is not without Ivy League ties himself. He spent 1989-1990 teaching high school in China as part of a group of government-sanctioned American educators sent to the communist country through a program at Harvard University. 

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In this exclusive StockCharts TV video, Joe shows how to use RSI in multiple timeframes to identify the next buying opportunity in the SPY. He explains why he thinks this rally is important and uses the ADX on the daily to distinguish between the strength in different indices. Joe also shows how he moves quickly around ACP and discusses some valuable sector action in the process. Finally, he goes through the symbol requests that came through, including NVDA, GOOGL, and more.

This video was originally published on August 21, 2024. Click this link to watch on StockCharts TV.

Archived videos from Joe are available at this link. Send symbol requests to stocktalk@stockcharts.com; you can also submit a request in the comments section below the video on YouTube. Symbol Requests can be sent in throughout the week prior to the next show.

Rep. Nancy Pelosi, D-Calif., started her address on the third day of the Democratic National Convention in Chicago on Wednesday by briefly praising President Biden – despite reportedly helping to orchestrate his exit from the presidential race. 

‘On Jan. 20, 2021, with the inauguration of Joe Biden and Kamala Harris, we established one of the most successful presidencies of modern times,’ Pelosi said. ‘And we quickly proved that Democrats deliver – millions of jobs, stronger infrastructure and rural broadband.’ 

‘A Biden child tax credit, rescuing human pensions, honoring our veterans, bold climate action, lowering the cost of prescription drugs all thanks to President Biden’s patriotic vision of a fairer America. Doing so with liberty and justice for all,’ she said before adding, ‘Thank you, Joe.’ 

Pelosi then shifted from the current president and championed Vice President Kamala Harris for ‘quickly securing the nomination with dignity and grace.’ 

Biden ended his re-election campaign on July 21 and immediately endorsed Harris’ presidential candidacy. This came after weeks of defections from Democratic lawmakers who implored him to withdraw from the presidential race following his rough performance in the Atlanta debate against the Republican nominee, former President Donald Trump. Despite some reporting that Pelosi had coordinated the effort to force Biden to drop out, Democrats at the convention – including Pelosi – have insisted that Biden was the one ‘who made the decision for the country.’ 

Harris secured enough delegates to become the presidential nominee on Aug. 1 during a virtual roll call conducted by the Democratic National Committee two weeks before the start of the party’s convention at the United Center in Chicago. Republicans, by contrast, did their roll call in person at their party’s convention in Milwaukee.

‘I know that Vice President Harris is ready to take us to new heights. I’ve known Kamala Harris for decades. Personally, I know her a person of deep faith, which is reflected in her community care and service,’ Pelosi said Wednesday, before also championing Harris’ record on abortion. ‘Officially, she is a leader of strength and wisdom and eloquence on policy, most recently demonstrated fighting for a woman’s right to choose. Politically, she is astute and strategic, and winning difficult elections, quickly securing the nomination with dignity and grace, and choosing Tim Walz as our vice president.’ 

As for Harris’ running mate, Minnesota Gov. Tim Walz, Pelosi said she had the honor of serving with him in Congress for 12 years. 

‘He united Democrats, Republicans and independents to turn a red district blue. He showed courage when he came to Congress and voting for the Affordable Care Act, meeting the needs of his constituents despite Republicans’ lies and misrepresentation,’ Pelosi said. ‘When he went home, won the election, he returned to Congress. He fought for our America’s heroes as the Democratic leader of the Veterans Affairs Committee. Thank you, Tim.’ 

Pelosi, who was serving as speaker of the House on Jan. 6, 2021, brought up the riot at the Capitol, decrying it as a ‘perilous moment for our democracy’ and placed blame on Trump – though without mentioning the Republican presidential nominee by name. 

Pelosi also called on the Democrats to ‘reject autocracy, choose democracy’ by voting for Harris and Walz. 

‘Let us not forget who assaulted democracy on January 6. He did,’ she said of Trump. ‘But let us not forget who saved democracy that day. We did. And thank God we had a Democratic House of Representatives then. We returned to the Capitol that very same night. We insisted on certifying the election results on the floors of the House and the Senate. And we demonstrated to America and to the world that American democracy prevailed.’ 

‘The parable of January 6th reminds us that our democracy is only as strong as the courage and commitment of those entrusted with its care and we must choose leaders who believe in free and fair elections, who respect the peaceful transfer of power,’ Pelosi said. ‘The choice couldn’t be clearer. Those leaders are Vice President Harris and Governor Walz.’ 

Fox News’ Alexander Hall contributed to this report. 

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