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September 2024

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I’ve been around long enough to remember when Intel (INTC) was the NVIDIA of the day. Now INTC is under severe pressure, having suspended its dividend, and currently being considered for removal from the Dow 30 Industrial Average. Oh, how the mighty have fallen! With INTC having declined so much, we wonder if it is time to be bargain hunting this stock. Let’s look at charts in three time frames to find the answer.

The daily chart below shows it making new 52-week lows today. The daily PMO was rising above the signal line, but it has turned down, and the PMO is deeply below the zero line. INTC has been in a narrow trading range for about a month. If it were to break up out of that range, it might be considered as a buy candidate, but for now it doesn’t look promising.

The weekly chart doesn’t look any more promising. We can see that a line of support has been violated, and that the weekly PMO is falling well below the zero line. No encouragement here.

Finally, the monthly chart shows that a very long-term support line has been violated, and the monthly PMO is falling below the zero line. INTC has just entered a zone of congestion wherein it may find support, but the potential is for price to fall to 7.50.

Conclusion: So, to answer our initial question, no, there are no signs in any of the three time frames that now is the time to be buying this stock. Probably the first sign that it may be time to consider an entry would be when the daily PMO turns up, accompanied by positive price action. Gradually adding to the position could take place as we see similar signs in the weekly and monthly time frames.

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Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

We are always on the lookout for chart patterns. We found a bearish head and shoulders developing on Semiconductors (SMH).

Looking at the daily chart below we can see the pattern developing. However, we do have to point out participation. Note the very low percentages on %Stocks > 20/50EMAs. These are clearly oversold readings and if we look back at the vertical green lines that mark cardinal price bottoms, you’ll note they were at these levels. One thing to keep in mind is that oversold conditions can persist in a bear market. SMH is down over 20% from the July top so we could see low readings for some time.

The Silver Cross Index is about to see a Bearish Shift across the signal line and that would give us a Bearish Bias in the intermediate term. It is already at a very low 36% reading suggesting how unhealthy this group is.

This head and shoulders pattern looks dangerous. Textbooks tell us that a break below the neckline would imply a downside move that is the height of the pattern. That would take price back down to 120.00. We doubt that will happen, but 160.00 doesn’t seem out of the question if this pattern executes.

Conclusion: Semiconductors (SMH) are in a bear market and are now forming a bearish head and shoulders pattern that would imply a drop well below 160.00. Given participation readings are very oversold, we aren’t so sure it will see that kind of devastation, but we definitely should be prepared for more downside from this group.

Introducing the new Scan Alert System!

Delivered to your email box at the end of the market day. You’ll get the results of our proprietary scans that Erin uses to pick her “Diamonds in the Rough” for the DecisionPoint Diamonds Report. Get all of the results and see which ones you like best! Only $29/month! Or, use our free trial to try it out for two weeks using coupon code: DPTRIAL2. Click HERE to subscribe NOW!

Learn more about DecisionPoint.com:

Watch the latest episode of the DecisionPointTrading Room on DP’s YouTube channel here!

Try us out for two weeks with a trial subscription!

Use coupon code: DPTRIAL2 Subscribe HERE!

Technical Analysis is a windsock, not a crystal ball. –Carl Swenlin

(c) Copyright 2024 DecisionPoint.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional. Any opinions expressed herein are solely those of the author, and do not in any way represent the views or opinions of any other person or entity.

DecisionPoint is not a registered investment advisor. Investment and trading decisions are solely your responsibility. DecisionPoint newsletters, blogs or website materials should NOT be interpreted as a recommendation or solicitation to buy or sell any security or to take any specific action.

Helpful DecisionPoint Links:

Trend Models

Price Momentum Oscillator (PMO)

On Balance Volume

Swenlin Trading Oscillators (STO-B and STO-V)

ITBM and ITVM

SCTR Ranking

Bear Market Rules

After six weeks of recess, the House is set to fast-track approval of a slew of China-related bills that aim to counter the U.S.’s growing foe beginning on Monday. 

With only three weeks of work on Capitol Hill before the November election, the Republican-led lower chamber is dedicating precious floor time to bills that would root out Chinese spyware within the country and set up the next president to take tougher action against Beijing. 

‘We wanted to combine them all into one week so that you had a real sharp focus on the fact that we need to be aggressive in confronting the threat that China poses,’ Majority Leader Steve Scalise told Fox News Digital about the planned ‘China Week.’

‘I think we can get real bipartisan support for a number of these,’ the Louisiana Republican said. ‘They’re all bills that should be very bipartisan, because there are things that China is doing right now that are direct threats to our country’s national security, and if we get strong bipartisan votes, you have a higher chance of getting through the Senate.’

Scalise said that four bills will come up under a rule, meaning that they will be debated by the House and that members can offer amendments. Still more will come up under suspension of the rules, meaning that the House is aiming to pass them quickly and without debate. 

Scalise highlighted one bill that would undo the Biden administration’s guidance allowing Chinese-made electric vehicles to qualify for a $7,500 tax credit. The move enraged even West Virginia’s Democrat-turned-Independent Sen. Joe Manchin, who helped author the Inflation Reduction Act that allowed for the credit. 

The End Chinese Dominance of Electric Vehicles Act, introduced by Rep. Carol Miller, R-W.Va., would tighten the Foreign Entity of Concern (FEOC) definition of a 30D EV that qualifies for the credit to exclude those vehicles with significant parts that are made in China. 

Another bill would broadly ban China from purchasing U.S. farmland. Chinese entities owned about 380,000 acres of agricultural land in the U.S. as of 2023, or less than 1%. 

Another bill, the No WHO Pandemic Preparedness Treaty Without Senate Approval Act, would prevent the U.S. from agreeing to any pandemic preparedness agreement negotiated by the World Health Organization (WHO) without the approval of two-thirds of the Senate. 

‘We’re giving an extra buffer so that the administration can’t just go partner up with WHO and come up with an agreement that would result in really bad policy for America,’ Scalise said. 

Another bill, the Biosecure Act, would ban federal agencies that run research labs from using any biotech equipment from any company that could be at risk of harnessing data to send back to the CCP.

Another, the DHS Restrictions on Confucius Institutes and Chinese Entities of Concern Act, would prevent any federal money from going to universities involved with CCP-run Confucius Institutes. 

‘You’re seeing China get more involved in our higher ed institutions,’ said Scalise. 

During former President Donald Trump’s administration in 2018, Congress ‘restricted federal funding to schools with institutes; nearly all of the institutes have since closed,’ according to Congress’s Government Accountability Office (GAO).

Another piece of legislation would re-establish a task force formed under Trump within the Department of Justice specifically focused on Chinese espionage. 

FBI Director Christopher Wray estimated last year his agency has more than 2,000 active investigations related to Chinese spying. 

The FBI estimates that Chinese counterfeit goods, pirated software and theft of trade secrets have cost the U.S. economy between $225 billion and $600 billion. 

This post appeared first on FOX NEWS

Actress and environmental activist Jane Fonda once again addressed an overseas audience, warning Democratic voters abroad that former President Donald Trump will ‘jail’ anyone who protests his policies if he’s re-elected. 

‘If you are young out there abroad, you’re going to want to vote so that you have a livable future. And you’re going to want to vote so that you have a voice in a democracy. Now, with a Harris ticket, you will have a voice, if you want something to happen, or you want something to not happen, you can lobby. You can protest, demonstrate, you can do all kinds of things,’ Fonda said during a Democrats Abroad campaign event for the Harris-Walz ticket Thursday afternoon. 

‘The Orange Man will not let that happen. He puts the people who don’t agree with him in jail, and he said he’s going to make their lives miserable,’ Fonda continued before a moderator for the campaign event interjected that their next speaker, Sen. Ed Markey, was set to address the virtual event. 

Democrats Abroad is the official arm of the Democratic Party for American citizens living overseas, including registering them to vote and keeping them apprised of key policy issues during election cycles. About three million U.S. citizens live abroad and vote overseas, according to the Federal Voting Assistance Program. 

The group held an hours-long campaign event Thursday afternoon on Zoom, where a bevy of elected Democratic officials and Hollywood elites spoke to those living overseas about why they are supporting the Harris-Walz ticket. 

Hollywood stars such as Kyra Sedgewick, Rob Reiner, Alfre Woodard and Fonda, as well as elected officials including former Speaker of the House Nancy Pelosi, former Attorney General Eric Holder and Rep. Adam Schiff, delivered short remarks to those watching, encouraging them to snub Trump at the ballot box. 

‘One of the main reasons … this particular election in this coming November is so utterly critical, is because one of the two top tickets – and I don’t think I need to mention the names – will take us in the absolutely wrong direction. I’m going to say the Orange Man. Okay, the Orange Man has let us know in no uncertain terms that on day one, if he is elected, it’s going to be ‘Drill, baby, drill.’ And as I said, the world cannot afford another four years of not paying attention to the climate crisis. It’s going to be too late to solve this existential crisis. We need a strong democracy. And the Orange Man has also let us know that he’s not crazy about democracy,’ Fonda continued in her remarks. 

Pelosi also slammed Trump, while opting to call the 45th president ‘what’s his name’ and arguing that ‘our democracy is at stake’ this election cycle. She added that she’s grateful to God that she was serving as speaker of the House on Jan. 6, 2021, when supporters of Trump’s breached the U.S. Capitol, instead of a Republican House leader. 

‘I want to say this immodestly, but I was very glad that God placed me to be the speaker on January 6 of last time. Because if it had been a Republican speaker, the whole story would be different now. So, Hakeem Jeffries must be the Speaker of the House on January 6. That’s a must. It’s up to you. No burden, just up to you,’ Pelosi said. 

The former attorney general under the Obama administration, Eric Holder, also addressed those watching, arguing that Trump’s political statements and policies during the 2024 campaign cycle have been ‘chilling.’ 

‘They’ve grown comfortable with everything from gerrymandering to voter suppression to outright intimidation. And this is profoundly, you know, un American. I mean, earlier this summer, Donald Trump asked a part of his MAGA base, talking to some Maga supporters, he told them that you just have to vote just this time. Vote just this time. And then he said you won’t have to do it anymore. That’s a pretty chilling thing,’ Holder said. 

Holder joined the Harris campaign earlier this year to lead the vetting process of her potential running mates before Minnesota Gov. Tim Walz was announced as the candidate last month.

September is a key month for American voters abroad, with federal law requiring absentee ballots to be sent to members of the military and voters overseas 45 days before the election. The ballots will be sent out by Sept. 21 during this election cycle. 

This post appeared first on FOX NEWS

Tuesday, Nov. 5, is Election Day – but if Americans vote like they did in the last two election cycles, most of them will have already cast a ballot before the big day.

Early voting had been expected to start Friday with North Carolina mailing out absentee ballots to eligible voters, though the state’s elections board indicated it would not send out ballots right away amid a challenge from former candidate Robert F. Kennedy, Jr.

Still, multiple battleground states are scheduled to send out ballots to at least some voters later in the month, making September and October less a countdown to Election Day, and more the beginning of ‘election season.’

States have long allowed at least some Americans to vote early, like members of the military or people with illnesses. 

In some states, almost every voter casts a ballot by mail.

Many states expanded eligibility in 2020, when the COVID-19 pandemic made it riskier to vote in-person.

That year, the Fox News Voter Analysis found that 71% of voters cast their ballots before Election Day, with 30% voting early in-person and 41% voting by mail.

Early voting remained popular in the midterms, with 57% of voters casting a ballot before Election Day.

Elections officials stress that voting early is safe and secure. Recounts, investigations and lawsuits filed after the 2020 election did not reveal evidence of widespread fraud or corruption. 

The difference between ‘early in-person’ and ‘mail’ or ‘absentee’ voting.

There are a few ways to vote before Election Day.

The first is , where a voter casts a regular ballot in-person at a voting center before Election Day.

The second is , where the process and eligibility varies by state.

Eight states vote mostly by mail, including California, Colorado, Nevada and Utah. Registered voters receive ballots and send them back.

Most states allow any registered voter to request a mail ballot and send it back. This is also called mail voting, or sometimes absentee voting. Depending on the state, voters can return their ballot by mail, at a drop box, and/or at an office or facility that accepts mail ballots.

In 14 states, voters must have an excuse to vote by mail, ranging from illness, age, work hours or if a voter is out of their home county on Election Day.

States process and tabulate ballots at different times. Some states don’t begin counting ballots until election night, which delays the release of results.

Voting expected to begin in multiple battleground states in September

This list of early voting deadlines is for guidance only. In some areas, early voting may begin before the dates listed. For comprehensive and up-to-date information on voter eligibility, processes, and deadlines, go to Vote.gov and your state’s elections website.

The first voters to be sent absentee ballots were expected to be in North Carolina, which had planned to begin mailing out ballots for eligible voters on Sept. 6, though the state elections board did not indicate on Friday when ballots would go out.

Six more battleground states are expected to begin early voting this same month, including Pennsylvania, Georgia, Wisconsin, Michigan and Nevada.

September deadlines

Subject to change. In-person early voting in bold.

TBD

North Carolina – Absentee ballots sent to voters

Sept. 16

Pennsylvania – Mail-in ballots sent to voters

Sept. 17

Georgia – Absentee ballots sent to military & overseas

Sept. 19

Wisconsin – Absentee ballots sent

Sept. 20

Virginia – In-person early voting beginsMinnesota, South Dakota – In-person absentee voting beginsIdaho, Kentucky, West Virginia – Absentee ballots sentArkansas, Montana, Nebraska, North Dakota, Ohio, Utah, Wyoming – Absentee ballots sent to military & overseas

Sept. 21

Maryland, New Jersey – Mail-in ballots sentIndiana, New Mexico – Absentee ballots sentAlabama, Alaska, Colorado, Connecticut, Florida, Kansas, Kentucky, Massachusetts, Michigan, New Hampshire, New York, Oregon, South Carolina, Washington – Absentee ballots sent to military & overseas

Sept. 23

Mississippi – In-person absentee voting begins & absentee ballots sentOregon – Absentee ballots sentVermont – Mail-in ballots sent

Sept. 26

Illinois – In-person early voting begins & mail-in ballots sentMichigan – Absentee ballots sentFlorida – Mail-in ballots sentNorth Dakota – Absentee & mail-in ballots sentNevada – Mail-in ballots sent to voters outside the state

Sept. 30

Nebraska – Mail-in ballots sent

October deadlines

Oct. 4

Connecticut – Absentee ballots sent

Oct. 6

Maine – In-person absentee voting begins & mail ballots sent

Oct. 7

California – In-person absentee voting begins & mail ballots sentNebraska – In-person early voting begins Georgia – Absentee ballots sentMassachusetts – Mail-in ballots sentMontana – In-person absentee voting begins

Oct. 8

California – Ballot drop-offs openNew Mexico, Ohio – In-person absentee voting beginsIndiana – In-person early voting beginsWyoming – In-person absentee voting begins & absentee ballots sent

Oct. 9

Arizona – In-person early voting begins & mail ballots sent

Oct. 11

Colorado – Mail-in ballots sentArkansas, Alaska – Absentee ballots sent

Oct. 15

Georgia – In-person early voting beginsUtah – Mail-in ballots sent

Oct. 16

Rhode Island, Kansas, Tennessee – In-person early voting beginsIowa – In-person absentee voting beginsOregon, Nevada – Mail-in ballots sent

Oct. 17

North Carolina – In-person early voting begins 

Oct. 18

Louisiana – In-person early voting beginsWashington – Mail-in ballots sentHawaii – Mail-in ballots sent

Oct. 19

Nevada, Massachusetts – In-person early voting begins 

Oct. 21

Alaska, Arkansas, Connecticut, Idaho, North Dakota, South Carolina, Texas – In-person early voting begins Colorado – Ballot drop-offs open

Oct. 22

Hawaii, Utah – In-person early voting begins Missouri, Wisconsin – In-person absentee voting begins

Oct. 23

West Virginia – In-person early voting begins

Oct. 24

Maryland – In-person early voting begins

Oct. 25

Delaware – In-person early voting begins

Oct. 26

Michigan, Florida, New Jersey, New York – In-person early voting begins 

Oct. 30

Oklahoma – In-person early voting begins 

Oct. 31

Kentucky – In-person absentee voting begins

This post appeared first on FOX NEWS

Vice President Kamala Harris is running behind President Biden’s 2020 numbers among several demographic groups, a gap that could loom large in what increasingly appears to be a razor’s-edge election.

‘Harris is significantly underperforming Biden, according to most polls, with Black voters, Hispanic voters, working class voters, and young voters,’ Democratic strategist Julian Epstein told Fox News Digital.

The comments come as an analysis of polling data released by the Wall Street Journal this week showed Harris still struggling with key demographics that have been critical to Democratic success in national elections. Although the vice president has made up ground on Biden’s numbers when he decided to drop out of the race, she has still failed to meet the president’s 2020 performance.

One such group Harris is struggling with is Black voters, with the vice president running 10 points behind the numbers put up by Biden in 2020. She is also behind Biden’s mark with Latino voters (6 points), voters under the age of 30 (12 points), male voters (4 points) and female voters (2 points.)

Meanwhile, Trump has continued to make inroads with minority communities that have previously been difficult for Republicans to appeal to. The former President now has the support of 20% of black men, the Wall Street Journal analysis found, and only trails Harris by one point among Latino men, 48% to 47%. 

The figures could offer a glimpse into why Biden has begun joining Harris on the trial, with the president and vice president campaigning together for the first time over Labor Day weekend. Biden has also seen some positive momentum when it comes to his approval rating, which one USA Today/Suffolk poll showed has jumped 13 points in just a few months.

If Harris fails to match Biden’s standing among some minority demographics, the Wall Street Journal analysis suggests she may look to pick off the support of white voters, a group with whom Trump has traditionally performed well. But the analysis found Harris outperforming Biden’s 2020 marks among white voters with and without college degrees in seven critical swing states.

‘Harris is overperforming Biden with college-educated elites and suburban women,’ Epstein said. ‘This suggests not just that Trump is likely ahead by a small margin, as Nate Silver has pointed out, but it also suggests longer-term realignment with the Democratic Party becoming a party of elites, and the Republican Party becoming a populist working-class party.’ 

However, picking off enough white voters could put Harris over the top in a close race.

‘A small gain among white voters can offset a bigger loss among those from minority groups, because white voters account for 70% or more of those who participate in elections,’ the analysis notes.

The Harris campaign did not respond to a Fox News Digital request for comment.

This post appeared first on FOX NEWS

Iran is closer to becoming a nuclear-armed power than much of the world realizes, according to a nonpartisan research group’s new report. 

The Foundation for Defense of Democracies (FDD) claims Iran could have a nuclear bomb before the presidential election, and suggests U.S. troops need to be deployed to the region immediately to counter such an outcome. 

The FDD published a strategic plan, ‘Deterring Iran’s Dash to a Nuclear Bomb,’ with two dozen specific recommendations they say the Biden administration needs to quickly change the tides on Iran’s nuclear capabilities. 

‘Unless the Biden-Harris administration takes robust steps now to deter and hinder those advances, Iran could complete a crude nuclear bomb before the next U.S. president is inaugurated,’ the plan’s co-author, Orde Kittrie, said.

The report demanded the Biden administration declassify all intelligence assessments related to Iran’s nuclear program to build up domestic and international pressure to deter Iran. 

It also called for putting U.S. boots on the ground, ‘at least on a temporary basis,’ to send a message that the U.S. is prepared to stop an Iranian nuclear breakout if necessary. 

The group warned that while most U.S. officials are monitoring Iran’s capacity to enrich uranium to 90%, the regime is taking other, covert steps toward a nuclear weapon, like taking measures toward building a nuclear explosive device that would make quick work of putting a bomb together. 

‘It’s undertaking other advances which would make an eventual sprint to cross that line faster and much harder to stop,’ Kittrie said.  

On July 19, Secretary of State Antony Blinken warned that it would take ‘one to two weeks’ to produce sufficient weapons-grade uranium for one nuclear weapon. 

‘I think Americans should be very, very worried, because Iran is a vicious, bloodthirsty regime, and here they are on the verge of acquiring the world’s most powerful weapon.’ 

It may be impossible for western nations to detect when Iran is in its final stages of building a nuclear bomb as much of the activity occurs in hidden, underground facilities, according to the report.

In addition to putting boots on the ground, the FDD is calling for President Biden to increase joint military exercises with partners in the region, lift the U.S. hold on 2,000-pound MK-84 bombs to Israel and remove any roadblocks to provide Israel with planes and munitions. 

The group also called on the top of the Republican and Democratic tickets, as well as Biden, to explicitly state their commitment to the use of force to prevent Iran from creating a nuclear weapon.

‘Biden’s strongest statement on this issue was actually weaker than Obama’s strongest statement on the same topic,’ said Kittrie. 

‘The administration keeps saying, well, a military option is on the table. But implying that a military option is on the table is not the same as stating that the option will, if necessary, be used in addition, the administration talks in terms of commitment that Iran never acquired a nuclear weapon. That leaves unclear the parameters of the undesirable result.’

The FDD said the U.S. needs to ‘massively increase’ the use of sanctions and work with nations like the United Kingdom, France, and Germany to trigger sanctions within the United Nations.

This post appeared first on FOX NEWS

LAS VEGAS Sen. Steve Daines of Montana, the chair of the Senate Republicans’ campaign committee, is making his pitch to top dollar donors and influential conservative activists in order to remedy the cash disparity between GOP campaigns and those of Democrats.

‘We need your help to close the fundraising gap,’ the National Republican Senatorial Committee (NRSC) chair emphasized as he addressed the crowd at the Republican Jewish Coalition’s annual leadership meeting. ‘We have the right candidates. Let’s get them the resources they need to win.’

Minutes earlier, in an interview with Fox News Digital, Daines pointed to the GOP’s fundraising gap as compared to the Democrats as Republicans aim to win back the Senate majority and acknowledged, ‘it’s a concern of mine.’

‘There are winnable races right now that we may not be able to bring across the finish line because of lack of resources. We are literally two months away from the most consequential election of my lifetime,’ Daines emphasized. ‘That’s why we’re working very, very hard to make sure we’re ringing that alarm bell to get to donors.’

Democrats have outraised and outspent their Republican counterparts in the 2024 battle for the Senate majority, and looking forward, they have dished out more money for ad reservations for the final two months leading up to Election Day on Nov. 5.

Senate Democrats and outside groups supporting them have made significantly larger post-Labor Day ad reservations in four of the seven key Senate battlegrounds, per AdImpact. In Wisconsin, Nevada, Michigan and Arizona each, Democratic ad reservation spending is at least double that of their respective Republican opponents, presenting a stark obstacle for GOP candidates, some of whom already face name recognition issues and the hurdle of taking on an incumbent. 

Overall, Democrats have an advantage over their Republican Senate foes with nearly $348 million in planned spending in pivotal races across the country ahead of election day, compared to Republicans’ over $255 million. 

The relatively small GOP expenditures in Wisconsin, Nevada, Michigan and Arizona appear to be a result of massive prioritized pro-Republican Senate buys in Montana, Ohio and Pennsylvania. Republicans are managing to outspend Democrats in these states, but their opponents have still boasted similarly large planned spending. In Ohio, while Republicans had $81.9 million reserved, Democratic future spending wasn’t far behind at $78.3 million, according to AdImpact. 

Fueling the financial disparity, the surge in Democratic Party enthusiasm and fundraising in the month and a half since Vice President Kamala Harris replaced President Biden at the top of the party’s 2024 ticket in the White House race against former President Donald Trump.

‘You just saw in the last 48 hours Kamala Harris announce she’s directing $25 million of her presidential campaign dollars down-ballot including $10 million for Senate Democrats,’ Daines spotlighted. ‘There’s not many things Kamala Harris does well but one thing she does well is raise money. So this does have us concerned.’

However, Daines said there is a silver lining when it comes to Harris replacing the 81-year-old Biden in the White House race.

‘What it does is it helps us take the age issue off the table because that was one of the reasons that Biden did so poorly. It was more about his age than anything else,’ Daines said. ‘This now gets us laser focused on policy. This is going to be a policy contrast election….For the first time in decades, we have the results of two different administrations to run against – President Trump’s four years and Kamala Harris’ four years. Two very different administrations – very different outcomes. That contrast, we think will be very helpful for us in the key Senate races.’

Democrats control the Senate by a razor-thin 51-49 margin, and Republicans are looking at a favorable election map this year with Democrats defending 23 of the 34 seats up for grabs.

One of those seats is in West Virginia, a deep red state that Trump carried by nearly 40 points in 2020. With moderate Democrat-turned-Independent Sen. Joe Manchin, a former governor, not seeking re-election, flipping the seat is nearly a sure thing for the GOP.

Additionally, in Daines’ home state of Montana and in Ohio, two states Trump comfortably carried four years ago, Republicans are aiming to defeat Democratic Sens. Jon Tester and Sherrod Brown.

Five more Democratic-held seats are up for grabs this year in crucial presidential-election battleground states.

With Democrats trying to protect their fragile Senate majority, former GOP Gov. Larry Hogan of blue-state Maryland’s late entry into the Senate race in February gave them an unexpected headache in a state previously considered safe territory. Hogan left the governor’s office at the beginning of 2023 with very positive approval and favorable ratings.

Daines, for the first time, definitely said his party would recapture the majority.

‘We will win the Senate majority’ Daines told Fox News.

‘Fifty-one is the number that we want to get to. Clearly, there’s an opportunity to get beyond that, but 51 is the number we’ve got to get to,’ he stressed.

This post appeared first on FOX NEWS

JERUSALEM – Israeli leaders and British Jews have slammed a U.K. government decision announced on Monday to suspend 30 arms export licenses to Israel over concerns the Jewish state has violated international humanitarian law during its 11-month war against Hamas in Gaza. 

Israeli Prime Minister Benjamin Netanyahu called the move ‘shameful’ in a post on X and said that it would not ‘change Israel’s determination to defeat Hamas, a genocidal terrorist organization that savagely murder 1,200 people on Oct. 7, including 14 British citizens.’ 

The Israeli leader also noted that Hamas was still holding some five British citizens as hostages and expressed disappointment that ‘instead of standing with Israel, a fellow democracy defending itself against barbarism, Britain’s misguided decision will only embolden Hamas.’

‘Israel is pursuing a just war with just means, taking unprecedented measures to keep civilians out of harm’s way and comporting fully with international law,’ he wrote.

Also posting on X, Britain’s Chief Rabbi Sir Ephraim Mirvis said that the announcement ‘feeds the falsehood that Israel is in breach of International Humanitarian Law, when in fact it is going to extraordinary lengths to uphold it,’ and that it ‘will serve to encourage our shared enemies.’

Coming from such a close ally of Israel, the move has sparked fears that other countries, including the U.S., might follow suit. While others point out that the decision seems symbolic – and even hypocritical – as the British government, which reported overall defense orders totaling nearly $16 billion (12 billion pounds) in 2022, has made no similar move to halt exports to countries with greater human rights violations. 

Rather, the Middle East, with states such as Egypt, Turkey, Qatar as well as Saudi Arabia, which is still engaged in fighting Iranian-backed rebels in Yemen, being among its top arms recipients. 

‘Firstly, it’s hypocritical and its simply inconsistent,’ Major (Ret.) Andrew Fox, a Research Fellow at the Henry Jackson Society, told Fox News Digital. ‘But more, it’s dangerous, because Hamas is so evil, Hamas is so psychotic, and we’re sending a message of weakness.’

The U.K. sells a relatively small number of weapons to Israel compared to the U.S. and other countries, such as Germany, and withdrawing only 30 of 350 existing export licenses for equipment such as parts for military planes, helicopters and drones is unlikely to impact its ability to fight the war in the Gaza. 

Fox said he believed that the decision was purely ‘performative,’ with the newly elected government responding to pressure from the more left-wing elements in its support base – those who have held weekly anti-Israel protests around the country. 

‘Israel is a very small recipient of British arms, buying just one percent of its arsenal from the U.K.’ Jake Wallace Simons, editor of Britain’s Jewish Chronicle, told Fox News Digital. 

‘Countries like Qatar, which sponsors Hamas, Saudi Arabia, which has been fighting a brutal campaign in Yemen, Turkey, which has been massacring the Kurds, and the corrupt Egyptian police state all buy many more British weapons than the Middle East’s sole democracy, Israel,’ he said, adding, ‘with no evidence that the Jewish state has been breaking international law, this move seems intended to win points with Muslim voters and is harming international alliances at the same time.’

Amnesty International, as well as the U.S. State Department’s Bureau of Democracy, Human Rights and Labor, have published in-depth reports on the human rights violations by countries that buy the majority of U.K. arms.

The U.K.’s decision this week also marks a departure from the Biden administration’s approach to the Israel-Hamas war, which started on Oct. 7, when more than 3,000 Hamas-led terrorists infiltrated Israel from Gaza, attacking army bases, residential communities, towns and a massive music festival taking place in the area.  

A veteran of the British army, Fox noted that taking this new stance will weaken the U.K.’s ability to have any influence on the course of the war in Gaza and leave it in a difficult position with other close allies. 

‘We will now have no influence in Jerusalem at all,’ he said. ‘I think this is embarrassing for the U.K. on a national stage and our other allies will see this behavior and think there’s a risk that domestic pressure might affect the U.K. It will also encourage those people who are actively trying to subvert us domestically, like Iran and Russia, because they’ve seen that it works.’ 

A request for a comment from British Foreign Secretary David Lammy’s special advisor went unanswered.

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Vice President Kamala Harris raked in a staggering $361 million in fundraising in August, her campaign announced on Friday morning, in what it touted was ‘the largest haul of the 2024 cycle.’

The fundraising by the Democratic Party’s presidential nominee was nearly triple the $130 million that the Donald Trump campaign announced on Wednesday that the former president brought in last month.

Harris has enjoyed a fundraising surge in the nearly seven weeks since she replaced President Biden at the top of the Democratic Party’s 2024 ticket.

The vice president’s campaign highlighted that Harris has brought in over $615 million in fundraising since July 21, when Biden, in a blockbuster announcement, ended his re-election campaign and endorsed his running mate.

The Harris campaign also touted August’s haul was ‘the best grassroots fundraising month in presidential history.’

The vice president’s team also showcased what it called ‘a massive war chest,’ reporting $404 million cash-on-hand as of the end of last month. That’s over $100 million more than the $295 million the Trump campaign said it had in its coffers.

Harris’ August haul was up from the $310 million the Democratic ticket brought in during July, while Trump’s fundraising last month was slightly down from the $138.7 it raised in July.

‘In just a short time, Vice President Harris’ candidacy has galvanized a history-making, broad, and diverse coalition – with the type of enthusiasm, energy, and grit that wins close elections,’ Harris campaign manager Julie Chavez Rodriguez said in a statement.’As we enter the final stretch of this election, we’re making sure every hard-earned dollar goes to winning over the voters who will decide this election.’

The former president’s team on Wednesday, in a statement revealing its fundraising figures, said that it’s cash-on-hand ensured that it had ‘the resources needed to propel President Trump’s campaign to victory.’

The Biden campaign and the Democratic National Committee enjoyed a fundraising lead over Trump and the Republican National Committee earlier this year. But Trump and the RNC topped Biden and the DNC by $331 million to $264 million during the April-June second quarter of 2024 fundraising.

Biden enjoyed a brief fundraising surge after his disastrous performance in his late June debate with Trump, as donors briefly shelled out big bucks in a sign of support for the 81-year-old president.

But Biden’s halting and shaky debate delivery also instantly fueled questions about his physical and mental abilities to serve another four years in the White House – and spurred a rising chorus of calls from within his own party for the president to end his bid for a second term. The brief surge in fundraising didn’t last and, by early July, began to significantly slow down. 

Fundraising, along with polling, is a key metric in campaign politics and a measure of a candidate’s popularity and their campaign’s strength. The money raised can be used – among other things – to hire staff, expand grassroots outreach and get-out-the-vote efforts, pay to produce and run ads on TV, radio, digital and mailers, and for candidate travel.

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