Wolfe Research downgrades Goldman Sachs, sees greater upside in other banks such as Wells Fargo

US Top News and Analysis 

There’s “less compelling” upside for Goldman Sachs in 2023, according to Wolfe Research. Analyst Steven Chubak downgraded shares to peer perform from outperform, saying other bank stocks such as Wells Fargo and Bank of New York Mellon are more attractive after the recent gains at Goldman Sachs. “We have been strong proponents of GS’ strategy over the last few years, and GS has been one of our Top Picks since our meeting with then-CFO Scherr in March 2019. The stock has done very well in that time (+72%), outperforming the S & P (+36%) and BKX (+8%),” Chubak wrote in a Wednesday note. “However, as we head in 2023, we see less compelling upside in shares, prompting us to move to the sidelines,” Chubak wrote. Shares of Goldman Sachs declined 10% in 2022, outperforming the S & P 500, which was down about 19% in the same period. The investment bank also beat Wells Fargo, which lost nearly 12%, and Bank of New York Mellon, which was down 19%. Even so, the mid-point of the firm’s future value range of $388 represents just 13% upside for shares, according to the analyst. Shares of Goldman Sachs rose slightly in Wednesday premarket trading. Other challenges hang over the banking stock, including a series of proposed international banking reforms called Basel 4 from Switzerland. Wolfe Research also expects downside to 2023 and 2024 consensus revenue estimates. —CNBC’s Michael Bloom contributed to this report.

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Here are the 20 House Republicans who voted against McCarthy for speaker on the third ballot



CNN
 — 

Republican leader Kevin McCarthy suffered a third rebuke for speaker before the House adjourned Tuesday evening.

Twenty Republicans voted against him – an increase from the 19 defections in the first two rounds of balloting. McCarthy, who needed 218 votes, had failed to secure the speaker’s gavel by the third round, earning 202 votes in the final tally.

All 20 voted for Rep. Jim Jordan of Ohio, who himself voted for McCarthy. Rep. Byron Donalds of Florida, who had initially voted for McCarthy in the first two rounds, shifted his support to Jordan.

Leaving the floor Tuesday, Jordan told CNN there is “no” chance he will become speaker, adding he wants to be House Judiciary chairman. He said he would lobby his colleagues to back McCarthy once the chamber resumes Wednesday.

Here are the lawmakers who voted against McCarthy on the third ballot:

  1. Rep. Andy Biggs
  2. Rep. Dan Bishop
  3. Rep. Lauren Boebert
  4. Rep. Josh Brecheen
  5. Rep. Michael Cloud
  6. Rep. Andrew Clyde
  7. Rep. Eli Crane
  8. Rep. Matt Gaetz
  9. Rep. Bob Good
  10. Rep. Paul Gosar
  11. Rep. Andy Harris
  12. Rep. Anna Paulina Luna
  13. Rep. Mary Miller
  14. Rep. Ralph Norman
  15. Rep. Andy Ogles
  16. Rep. Scott Perry
  17. Rep. Matt Rosendale
  18. Rep. Chip Roy
  19. Rep. Keith Self
  20. Rep. Byron Donalds

source

‘Boy Meets World’s’ Matthew Lawrence, Chilli from TLC dating: ‘She is glowing’

Latest & Breaking News on Fox News 

“Boy Meets World” star Matthew Lawrence is dating Rozonda “Chilli” Thomas from the group TLC.

“I’ve been with Chilli since 2005, and I’ve never seen her this in love,” Thomas’ rep Christal Jordan told People magazine. “She is glowing. They are really cute together.”

The new couple also posted a video to their Instagrams on New Year’s weekend of them dancing in their pajamas to A-ha’s “Take on Me” hit. They hashtagged the video: “#newyearsshenanigans #onesiegang #wecute.”

Jordan added that they spent Thanksgiving and Christmas together in Atlanta, where Lawrence met Thomas’ family. 

CHERYL BURKE TALKES ‘BREAKUP’ WITH ‘DANCING WITH THE STARS,’ REHAB RUMOR AND HER FUTURE ON TV 

Lawrence and former “Dancing with the Stars” pro Cheryl Burke finalized their divorce three months earlier. Burke and Lawrence were married for three years before she filed for divorce in February 2022.

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Burke seemingly appeared to address the news, writing: “That was fast…” on her Instagram story. She also posted a Tiktok of herself putting on perfume to the Bebe Rexha and David Guetta Song “I’m Good” with the caption “Mood going into 2023.” 

Reps for Thomas and Lawrence did not immediately respond to Fox News Digital’s requests for comment. 

 

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NFL legend Michael Irvin on Damar Hamlin: ‘You may lose a limb, but you never thought you would lose a life’

Latest & Breaking News on Fox News 

NFL legend Michael Irvin opened up about his reaction to the medical emergency Buffalo Bills safety Damar Hamlin suffered in Monday night’s game against the Cincinnati Bengals.

Irvin appeared on 95.7 The Game in San Francisco on Tuesday and talked about how hard it was to watch the faces of the Bills and Cincinnati Bengals players who were emotional following the incident. Hamlin had to have his heartbeat restored on the field after suffering a cardiac arrest.

“I saw the faces of all the guys around. It told me how deep that moment was. I drew back on that, and I was like, wow,” the former Dallas Cowboys wide receiver said. “It was just so hard to watch…What is so engrained is that you take the blow and keep moving. Whatever it is. Even at practice … You kind of get conditioned to it, but this was something different. You have to resuscitate someone on the football field. Even though you’re trained to move on, there’s no way you could’ve gone on playing that game. They did the right thing so far.”

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Irvin also recalled a moment during his career when he thought he was paralyzed during a game against the Philadelphia Eagles.

“Deion Sanders and I were talking about that afterward. He said, ‘When we were looking at you, we saw fear in your eyes that we’ve never seen.’ I didn’t know you saw fear in my eyes. It’s such a difficult thing. When you go on the field, you know there’s a possibility of those things happening.

“What we witnessed last night … You may lose a limb, but you never thought you would lose a life.”

Hamlin’s family offered another update to his condition late Tuesday night.

BILLS’ DION DAWKINS HOPES DAMAR HAMLIN’S TRAGIC INCIDENT SHOWS NFL FANS ‘WE ARE VULNERABLE HUMANS’

Dorian Glenn, Hamlin’s uncle, told the NFL Network that the Bills player remained in intensive care but has improved to 50% oxygen on a ventilator – he had previously been on 100%.

“Right now, they got him on a ventilator, so they’re trying to get him to breathe on his own,” Glenn told the network. “So, we’re just kind of taking it day by day. Still in the ICU. They have him sedated, so just continue to administer the medical treatment that they’ve been doing.”

Glenn added, “Once he gets out of ICU, I’ll feel better myself.”

In the wake of the scary incident, fans have donated more than $5 million to Hamlin’s charity toy drive fund — created in 2020, it had an initial goal of $2,500. Retailer Fanatics also said that all proceeds from Hamlin’s jersey sales, which have skyrocketed in the last 24 hours, will all go to the foundation.

Fox News’ Ryan Morik contributed to this report.

 

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The Hill’s Morning Report — House GOP is stuck and in disarray

Just In | The Hill 

Editor’s note: The Hill’s Morning Report is our daily newsletter that dives deep into Washington’s agenda. To subscribe, click here or fill out the box below.

Washington’s question this morning is not just what happens next to Rep. Kevin McCarthy, who failed during three ballots on Tuesday in his bid to be Speaker, but what his plight says about the Republican Party, which at the start of the 118th Congress handed House Democrats a chance to appear united as the minority.

McCarthy (R-Calif.) lost 19 GOP votes on the first two ballots and 20 on the third ballot, leaving the narrow new majority in a stalemate about how to proceed (The Hill). He huddled in his office with allies late Tuesday, searching for a strategy that could halt the bloodletting and corral determined renegades who seek concessions while also berating McCarthy for that same willingness to give ground.

“This can’t be about that you are going to leverage somebody for your own personal gain inside Congress,” McCarthy told reporters early in the evening. “This has to be about the country.”

McCarthy later emerged from strategy meetings to suggest he could win a majority of those voting for a nominated candidate because lawmakers who opt to vote “present” do not count. The contest for Speaker does not hinge on getting support from a majority of the entire membership of the House (The Hill). 

“You’re sitting at 202 votes, so you need technically just 11 more votes to win,” McCarthy said. “Democrats have 212 votes [with nominee Rep. Hakeem Jeffries (D-N.Y.)]. You get 213 votes, and the others don’t say another name, that’s how you can win. You can win with 218. You could win with 222,he told reporters. It is unclear, however, how McCarthy could persuade 11 holdouts to cast ballots for him or get a sufficient number of colleagues to not vote for any specific candidate by voting “present” or being absent, which would lower his threshold.

The House, which cannot administer oaths of office to new members or get down to business without first finding a majority to back a Speaker, is set on Wednesday to return at noon for a fourth ballot. It has been a century since the House needed more than one such vote.

The Hill’s Alexander Bolton reports that the House mess has sparked alarm among Senate Republicans who fear serious problems ahead when it comes to passage of spending bills, debt limit legislation and the GOP’s direction ahead of 2024. 

The New York Times: Speaker fight reveals a divided and disoriented House majority.

The Hill: Five takeaways from Tuesday’s McCarthy drama in the Capitol.

In a new era of divided government, the GOP’s chaos in the House is part of the subtext President Biden will underscore on Wednesday when he leaves Washington to travel to Covington, Ky., to hail political bridge-building while standing near a troubled span between Ohio and Kentucky now helped by federal infrastructure spending. With Biden will be the Senate’s top Republican, Mitch McConnell of Kentucky, who had hoped after the midterm elections that he’d be his chamber’s majority leader.

McConnell has publicly blamed former President Trump, in part, for Republicans’ losses in November. McCarthy last year went to great lengths to remain in Trump’s good graces ahead of the elections but on Tuesday found little reward for that loyalty. The former president, now an announced 2024 presidential candidate, declined to commit to backing McCarthy (The Hill).

“We’ll see what happens,” Trump told NBC News in a phone conversation when asked if he stands by his endorsement of the House Republican leader. 

McCarthy later said the former president reiterated his support during a Tuesday night phone conversation (The Hill).

As Biden leans into what he considers legislative achievements and ponders a bid for a second term, his message continues to be that Republicans are mired in a cycle of extremist discord that lacks vision, momentum and purpose amid tough national and international challenges. The president wants Americans to picture him as focused on the future of governing, on bipartisan problem-solving and especially on the economy at a time of high inflation. In the West Wing, this is the week for Biden to appear to rise above a riven House engulfed in drama, reports The Hill’s Brett Samuels.

Some analysts and business leaders said they will listen closely on Wednesday for possible threads of Biden’s upcoming State of the Union address, expected in mid-February, and a potential presidential campaign announcement that many in Biden’s inner circle have signaled is likely, possibly by next month (Politico).  

The Hill: Here are the 20 GOP lawmakers who voted against McCarthy for Speaker. Rep. Jim Jordan (R-Ohio), who captured 20 votes in his caucus but instead endorsed McCarthy for the top job, told reporters there is “no chance” he’ll become Speaker.

The Washington Post: All but two McCarthy defectors in the House are election deniers.

The Hill: Jordan, House Majority Leader Steve Scalise (R-La.) and Rep. Patrick McHenry (R-N.C.) are possible Speakers-in-waiting to watch if McCarthy falls.

Related Articles

The Washington Post analysis, Paul Kane: McCarthy wasn’t “the one” seven years ago. He wasn’t on Tuesday, either.

The Atlantic: McCarthy’s loyalty to Trump got him nothing.

Politico: Health care lobbyists brace for Sen. Bernie Sanders (I-Vt.): “Not business as usual.” 

Bloomberg News: The 10 lawmakers to know about in 2023.

LEADING THE DAY

CONGRESS

Rep.-elect George Santos (R-N.Y.) arrived in Washington on Tuesday amid deep controversy about his largely fabricated background, The Hill’s Mychael Schnell and Mike Lillis report. While the Long Island lawmaker is expected to be sworn in, that step can’t be taken until the election of a Speaker. Meanwhile, Santos faces criticism from Democrats — and even some Republicans — who have accused him of defrauding voters and raised questions about his fitness to serve in Congress. Several investigations — both local and federal — have also been launched into his campaign finances.

The Hill: Embattled Santos votes for McCarthy in Speaker race.

USA Today: After Santos is sworn into Congress, could he be impeached?

Over in the upper chamber, Sen. Alex Padilla (D-Calif.) on Tuesday became the first Latino sworn in to serve a full Senate term from the Golden State, writes The Hill’s Rafael Bernal. The state that is host to a quarter of all U.S. Hispanics is also central to national Latino politics, but it has historically lagged in representation at the top statewide elected level.  

Padilla first entered the Senate in 2021 to fill the seat made vacant by Vice President Harris — who swore him in on Tuesday.

“As we sit here today, Latinos make up approximately 40 percent of the population in the state of California. Still underrepresented at all levels of government, certainly in the statewide offices,” Padilla told The Hill in an interview. “But you have a lot of tremendous young talent and leaders that are, I think, establishing themselves and laying foundations for public service careers.”

POLITICS

Florida Gov. Ron DeSantis has begun the new year as one of the hottest commodities in Republican politics, writes The Hill’s Max Greenwood, largely because he’s seen by allies as closer to unveiling a campaign for the White House — despite former President Trump’s official bid for the GOP presidential nomination.  

The Hill: DeSantis struck a defiant tone during his inauguration address amid 2024 speculation.

DeSantis entered his second term on Tuesday by hailing his administration’s accomplishments during his swearing-in and adding priorities for his new term. Yet prominent Republicans remain skeptical that the ambitious DeSantis will remain in Tallahassee for another four years given his rising stature on the national stage, especially as he used his speech to bash Biden’s policies on everything from public spending and energy to immigration. DeSantis criticized the “floundering federal establishment in Washington, D.C.” and singled out the federal government’s “inflationary spending binge.”

The current administration “recklessly facilitated open borders, making a mockery of the rule of law,” DeSantis said, without specifically naming Biden (Bloomberg News).

The New York Times: In Florida, where Hispanic evangelicals carry outsize influence, many of their pastors view the budding 2024 Trump-DeSantis rivalry as a sign of the potency of their unabashedly politicized Christianity.

ADMINISTRATION

The White House will hold Southwest Airlines accountable to ensure it reimburses qualified customers after a wave of cancellations around Christmas left thousands stranded, press secretary Karine Jean-Pierre said Tuesday. She added the Department of Transportation will monitor to ensure Southwest covers the cost of rebooking, hotel rooms, meals, and transportation to and from hotels in cases where those costs apply.

Southwest on Tuesday announced vouchers for some affected customers (The Dallas Morning News).

“Southwest Airlines failed its customers, point blank,” Jean-Pierre said. “[The Transportation Department is] monitoring this very, very closely to ensure that this all happens. And we’ll see fines for Southwest if it doesn’t cover a cost.”

In the aftermath of a massive winter storm over the holidays, thousands of travelers faced canceled flights, but Southwest Airlines was by far the biggest source of trouble, canceling more than 60 percent of flights last Monday to Wednesday (The Hill).

Abortion: The Food and Drug Administration on Tuesday issued a regulatory change that will allow participating pharmacies and drug stores to dispense the abortion pill mifepristone to customers with a prescription from a certified healthcare provider, either in person or by mail order. The change is expected to expand access to abortion through medication (The New York Times).  

Student debt: Biden’s student loan debt forgiveness plan has been hit with a barrage of lawsuits that are casting its future in doubt, at least two of which will be considered early this year by the Supreme Court. The Hill’s Lexi Lonas breaks down where the cases against the plan stand and a rough guide on when borrowers will have some answers about the program’s future. 

Nominations: The president will renominate former Los Angeles Mayor Eric Garcetti (D) to be U.S. ambassador to India, a choice that has been stalled in the Senate for months, and attempt to fill IRS, Federal Aviation Administration and other key vacancies, The Wall Street Journal and NBC News report. With the Senate in Democratic control, the White House plans to renew efforts to fill judicial and executive branch vacancies.

IN FOCUS/SHARP TAKES

INTERNATIONAL

A New Year’s Eve strike on a Russian base in the eastern Ukrainian region of Donetsk left dozens of troops dead and sparked fury in Moscow at the officers in charge of the military post, writes The Hill’s Brad Dress. Russia said the strike killed 63 soldiers, while Ukraine claims up to 400 were killed when rockets fired by U.S.-produced HIMARS launchers struck an ammunition depot and a nearby barracks. Some Russian lawmakers are pushing for an internal investigation into the strike and accountability for officers who housed the troops in what they said was an unprotected building.

By Tuesday, however, the initial outpouring of anger began to settle into a familiar pattern — focusing on the West and what critics describe as incompetent officials rather than who is actually overseeing the country’s war effort: President Vladimir Putin.

“Everyone is calling for reaction at the highest level, some conclusions, punishments,” Ruslan Leviev, a Russian military analyst, told The New York Times. “But I doubt that any of it will come.”

Reuters: Russia blames its soldiers’ mobile phone use for deadly missile strike.

Forbes: Russia has a plan for pinning down Ukraine’s super-upgraded M-55S tanks.

The New York Times: Natural gas prices in Europe fall to pre-invasion levels.

TikTok owner ByteDance, based in China, cut hundreds of workers at the end of 2022 to reduce costs. It was a small percentage of the company’s total workforce at a time when international opposition to ByteDance has grown and U.S. legislation to ban TikTok was introduced in the last Congress (Yahoo Finance).

South China Morning Post: Beijing decries “political” curbs on Chinese travelers and threatens to reciprocate.

Reuters: China pledges “final victory” over COVID-19 as outbreak raises global alarm.

Bloomberg News: Biden will meet Jan. 13 at the White House with Japanese Prime Minister Kishida Fumio amid concerns about North Korea’s nuclear weapons program and China’s military actions in the Pacific.

OPINION

■ Whoever the next GOP Speaker is, the job will be a living hell, by Karen Tumulty, columnist, The Washington Post. https://wapo.st/3WZGdla 

■ Mr. Santos goes to Washington, by James D. Zirin, opinion contributor, The Hill. https://bit.ly/3GEBnoh

WHERE AND WHEN

👉 The Hill: Share a news query tied to an expert journalist’s insights: The Hill launched something new and (we hope) engaging via text with Editor-in-Chief Bob Cusack. Learn more and sign up HERE.

The House will convene at noon for legislative business on the second day of the 118th Congress and hold the fourth vote for Speaker.

The Senate will convene for a pro forma session on Friday at 1:05 p.m.

The president will receive the President’s Daily Brief at 8 a.m. Biden will travel to Covington, Ky., ​​to deliver a speech at 12:45 p.m. about an ailing bridge and U.S. infrastructure, the economy, education and revitalizing communities (The Hill). He will return to the White House this evening. 

Vice President Harris will fly to Chicago to speak about the economy.  

Secretary of State Antony Blinken will deliver remarks at the department at 11 a.m. at the launch of the U.S. Strategy on Global Women’s Economic Security.

ELSEWHERE

SPORTS 

Buffalo Bills safety Damar Hamlin, 24, who suffered cardiac arrest after a tackle Monday night in a game against the Cincinnati Bengals, remains hospitalized and in critical condition at the University of Cincinnati Medical Center. 

Doctors on Tuesday worked toward getting Hamlin off a ventilator to breathe on his own, according to Hamlin’s uncle, Dorrian Glenn (CNN), who said his nephew is sedated and ventilated to relieve some of the strain on his lungs. Doctors told Glenn his nephew has also been “flipped over on his stomach” in the hospital to help with the blood in his lungs. “It seems like he’s trending upwards in a positive way,” Glenn told CNN. A face-down position for mechanical ventilation is known as proning and is used with some patients to improve oxygenation. 

The NFL announced Tuesday it made no changes to its Week 18 schedule but would not reschedule the Bills-Bengals game this week. The Bengals led Monday’s game in the first quarter when Hamlin initially stood upright after the tackle and then collapsed backward as spectators and players reacted with a stunned hush as medical personnel rendered emergency assistance for nine minutes, including with CPR on the field, before Hamlin was taken by ambulance to a nearby hospital (Yahoo Sports and Fox News).

Competition was suspended with a 7-3 score about 66 minutes after the live-on-prime-time-TV emergency. The league said late Tuesday that no decision has been made on the possible resumption of the game at a later date.

The Washington Post: The terrifying moment that stopped the NFL cold.

Vox: It’s rare, but a direct hit can cause cardiac arrest. These types of injuries, called commotio cordis, generally cause between 15 and 20 deaths each year.

The New York Times: Five cardiac experts weigh in on what is known and not publicly known about Hamlin’s cardiac emergency on the field.

BUSINESS 

In a New York federal court on Tuesday, FTX founder Sam Bankman-Fried, 30, pleaded not guilty to criminal and civil charges that he cheated investors and looted customer deposits on his cryptocurrency trading platform (The New York Times). His trial was set on Oct. 2 (Reuters). Caroline Ellison, 28, who ran Alameda Research, Bankman-Fried’s cryptocurrency hedge fund trading firm, and Gary Wang, 29, who co-founded FTX, have pleaded guilty to fraud charges and are cooperating with prosecutors in a bid for leniency. Both are free on bail.

U.S. auto production has not returned to pre-pandemic levels despite improved supply chains and high demand for vehicles, writes The Hill’s Tobias Burns, indicating a deeper shift in the auto industry toward producing a lower number of vehicles with higher profit margins.

Politico: Why Elon Musk’s “X App” could be an even bigger headache for D.C. than Twitter.

PANDEMIC & HEALTH 

Much of the U.S. is in the middle of a winter surge of COVID-19 infections as cases are poised to eclipse the summer peak, driven by new variants, waning immunity and holiday gatherings, writes The Hill’s Nathaniel Weixel. Even as much of the national focus shifts to the outbreak in China and imposing enhanced testing requirements on travelers, hospitalizations in the U.S. are rising quickly, especially amid the vulnerable population over age 60. Public health experts say the U.S. would be better served trying to control its own surge and the rise of new domestic variants, rather than looking at China, where new variants are less likely to occur because the population is less vaccinated.

On Tuesday, the World Health Organization invited China to a virtual and closed meeting, which had no media coverage, to discuss COVID-19 variants circulating in China. China lifted its “zero COVID” measures in December. COVID-19 cases are now surging in the country, although official data remains murky (South China Morning Post).

Information about U.S. COVID-19 vaccine and booster shot availability can be found at Vaccines.gov.

Total U.S. coronavirus deaths reported as of this morning, according to Johns Hopkins University (trackers all vary slightly): 1,094,010. Current U.S. COVID-19 deaths are 2,530 for the week, according to the Centers for Disease Control and Prevention. (The CDC shifted its tally of available data from daily to weekly, now reported on Fridays.)

THE CLOSER

And finally … In the U.S. Capitol, exuberant tykes were seen (and heard) on the House floor Tuesday as lawmaker parents waited for the traditional swearing-in pomp that brought their dressed-up family members to Washington at the start of the 118th Congress. The newcomers will still be waiting on Wednesday (and perhaps beyond) for all those historic oath-moment photos.

One new House member, a comic book enthusiast and Democratic former mayor of Long Beach, Calif., suggested through his staff that he’ll use his newfound Library of Congress perks to recite his oath of office (eventually) while standing with a borrowed vintage library copy of Superman #1 valued at $5 million, plus the Constitution (The New York Post). Rep.-elect Robert Garcia, who says he learned to read and write in English with the help of comic books, earned some easy headlines this week with the sort of graphic-arts, Twitter focused PR skills he honed during his campaign (Bleedingcool).  

Across the Capitol in the Senate, where new leadership posts were not in an uproar and oaths of office went off without a hitch, Sen. John Fetterman (D-Pa.) raised his right hand with his family beside him, wearing a spiffy new suit and tie while reciting the official phrases prompted by the vice president. Sweatshirts and voluminous shorts, known as Fetterman’s signature attire throughout his hard-fought campaign, will no doubt reappear in the Keystone State and around the nation’s capital. The New York Times said the senator dressed “with purpose.”

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Ex-WWE star makes return to pro wrestling for new company under different ring name

Latest & Breaking News on Fox News 

Sasha Banks had been missing from the wrestling ring since she and her tag team partner Naomi walked out of WWE and were suspended indefinitely over a contract dispute back in May.

On Wednesday, Banks returned to pro wrestling but with a new company and under a new name and thanked some WWE figures on her way out. She appeared at New Japan Pro Wrestling’s Wrestle Kingdom 17 as Mercedes Moné.

CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM

Moné came out to address the IWGP women’s champion KAIRI after she defeated Tam Nakano in their match. The lights went dark in the Tokyo Dome and out came Moné. She came out to the ring with similar money and boss themes as she had in WWE, but sported a bit of a different hairstyle as she walked down the entrance ramp.

Moné beat down KAIRI and then addressed the crowd.

“Congratulations on making history tonight,” she sarcastically told KAIRI. “I also know a thing or two about making history. I am here in New Japan and Stardom to make some more. Allow me to introduce myself. I’m the standard, the conversation, the blueprint and the CEO of this women’s division.”

KEVIN OWENS TALKS UPCOMING TAG-TEAM MATCH WITH JOHN CENA, SHARES HILARIOUS SAMI ZAYN STORY

She then vowed to defeat KAIRI for the title at the next event in San Jose, California.

Before appearing on the show, she sent a few tweets thanking various WWE figures for her journey in the company.

Moné and Naomi relinquished their tag-team titles in May and were suspended after they walked out of a show. The two were reportedly upset over their contracts.

Moné won the tag-team championship at WrestleMania Night 2 over Carmella and Queen Zelina. It was their first win as a tag team, the third for Banks and first for Naomi individually.

 

Read More 

 

Stocks Edge Higher, Fed Minutes, GE, Microsoft, House Speaker Vote – Five Things To Know

TheStreet 

Stock futures edge higher with jobs, Fed in focus; Fed minutes may show rate path split as economy, inflation cools; GE HealthCare shares to begin trading on the Nasdaq; Microsoft slumps as UBS cuts rating, flags Azure weakness and Kevin McCarthy faces ‘last shot’ at House Speaker after three failed votes.

Five things you need to know before the market opens on Wednesday January 4:

1. — Stock Futures Edge Higher With Jobs, Fed In Focus

U.S. equity futures edged higher Wednesday, while the dollar and Treasury bond yields eased, as investors eyed jobs data and the release of Fed minutes amid rising market volatility levels paired with thin trading volumes.

Stocks ended lower Tuesday, however, and look vulnerable to a similar pattern today, with daily trading volumes below typical averages in the holiday-shortened week and investors taking early cues from movements in the U.S. dollar .  

The CBOE’s VIX volatility gauge, meanwhile, jumped 5.6% in the overnight session to 22.87 points, suggesting daily moves for the S&P 500 of around 55 points over the next 30 days, the highest since mid-December. 

Benchmark 10-year Treasury note yields were marked another 3 basis points lower in the European session and trading at 3.701% while the U.S. dollar index, which tracks the greenback against a basket of six global currencies, gave back around 0.5% to change hands at 104.015.

Overnight trading was broadly solid, with the Asia’s MSCI ex-Japan index rising 1.69% into the close of trading and Europe’s Stoxx 600 getting a boost from softer-than-expected inflation data from France and an improved reading for economic activity around the region in the form of final PMI data from S&P Global.

On Wall Street, traders are likely to focus on the release of minutes from the Fed’s December policy meeting, slated for 2:00 pm Eastern time, as well as JOLTS jobs data at 10:00 am Eastern, which is expected to indicate that around 10.3 million positions remained unfilled over the month of November. 

Those figures could feed into expectations for Friday’s December payroll report, as well as bets on the Fed’s next month in February, where traders are pricing in a 70.3% chance of a 25 basis point rate hike. 

Heading into the start of the trading day, futures tied to the S&P 500 are priced for a 15 point opening bell gain while those linked to the Dow Jones Industrial Average are set for an 88 point bump. The tech-focused Nasdaq is looking at a 72 point advance. 

2. — Fed Minutes May Show Rate Path Split As Economy, Inflation Cools

The Federal Reserve will release minutes from its December rate setting meeting Wednesday, with investors likely to focus on any split among policymakers with respect to future hikes amid one of the most aggressive tightening paths on record. 

The Fed raised its benchmark interest rate for the seventh time in 2022 when it last met on December 14, taking the benchmark Fed Funds rate to a range of between 4.25% to 4.5%, the highest since 2008, and said ongoing be needed in order to combat the fastest inflation in nearly four decades.

The so-called Dot Plots, which illustrate the views of the Fed’s eighteen member rate-setting committee, indicated a terminal Fed Funds rate of around 5.1% by the spring, a level that it plans to hold until the end of the year. 

Data since then, however, has suggested weakness in the overall economy, while inflation continues to slow, and bond markets have been testing the Fed’s hawkish view for more than a month, with benchmark 2-year notes trading at 4.347%, well below the terminal rate projected by the December dots.

“We expect the minutes of the December FOMC meeting to reaffirm policymakers’ commitment to driving inflation back down to the target,” said Ian Shepherdson of Pantheon Macroeconomics. “But we also expect the voices suggesting that the tightening is nearly over to be a bit louder than in November.”  

3. — GE HealthCare Shares To Begin Trading On The Nasdaq

GE HealthCare, recently spun-off from the iconic industrial group under the leadership of CEO Larry Culp, will make its trading debut on the Nasdaq Wednesday.

GE finalized plans to spin-off the healthcare division in late November, with shareholders receiving one share of GE HealthCare for every three shares of the main group they own under a distribution that took place after the close of trading last night.

GE HealthCare shares will debut on the Nasdaq under the ticker symbol GEHC today.  GE Vernova, the group’s power and renewables division, will likely spun-out into the public markets through a tax-free deal in 2024, leaving GE Aerospace as the final piece of the group’s breakup, trading on the NYSE under the traditional  (GE) – Get Free Report ticker. 

General Electric shares were marked 20.7% lower in pre-market trading to reflect the GE HealthCare spin-off and indicate an opening bell price of $67.40 each.

4. — Microsoft Slumps As UBS Cuts Rating, Flags Azure Weakness

Microsoft  (MSFT) – Get Free Report shares slumped lower in pre-market trading after analysts at UBS lowered their rating on the tech giant, citing weakness in its flagship cloud division.

UBS analyst Karl Keirstead lowered his rating on Microsoft to ‘neutral’ from “buy’, while shaving $50 from his price target to $250 per share, as he cautioned that its Azure cloud offering is heading for a sharp deceleration in growth. He also noted vulnerability in Microsoft’s Office 365 business.

Azure revenues rose 35% over the three months ending in October, the group’s fiscal first quarter, slowing notably from its prior quarter gains as companies pulled back on investment spending. Microsoft said that rate will slow further into the second quarter even after stripping away the impact of the stronger U.S. dollar.

Microsoft shares were marked 2% lower in pre-market trading to indicate an opening bell price of $234.70 each.

5. — Kevin McCarthy Faces ‘Last Shot’ At House Speaker After Three Failed Votes

Congressional lawmakers will reconvene Wednesday as they attempt to elect a Speaker for the House of Representatives following three failed votes on Tuesday that left Republican favorite Kevin McCarthy scrambling for support from the party’s conservative base. 

McCarthy, the former House Minority Leader who represents California’s 20th Congressional District, has been working for months to shore-up support among the 202 member Republican caucus after the party narrowly took back control of the House in November.

His efforts fell short, however, following back-to-back roll call vote losses Tuesday that earned him the distinction of being on the second prospective Speaker that wasn’t elected on the first ballot since the Civil War. 

Republican lawmakers could now either discuss floating a new candidate after Representative Jim Jordan of Ohio won 20 votes in Tuesday’s final ballot, or encourage dissident caucus members to vote “present”, rather than aye or nay, in a move that would lower the threshold McCarthy would need to earn majority support in the chamber. 

“I think that Kevin knows that this is his last shot,” said Colorado Representative Kenneth Buck.

 

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[World] If not Kevin McCarthy for US House Speaker, then who else?

BBC News world-us_and_canada 

Image source, Getty Images

Image caption,

Steve Scalise and Elise Stefanik are the second and third-ranking Republicans in the US House of Representatives

Republican leader Kevin McCarthy has failed to be elected Speaker of the US House of Representatives – but if not him, who else could fill the role?

After three consecutive rounds of voting on Tuesday, the first day of a new Congress, Mr McCarthy fell short of the 218 votes he needed to clinch the job.

Until the House has its presiding officer in place, the body is not swearing in its new members or moving on with its legislative business.

The voting will continue on Wednesday and the California congressman insists he can eventually win over his detractors.

He remains the favourite to get the famous gavel in his hands but as time goes on, other options may become more palatable.

Steve Scalise

The Louisiana congressman, 57, has been Mr McCarthy’s deputy since 2019.

Mr Scalise, who is entering his eighth term in the House, survived being shot and wounded by a left-wing extremist while practising for the annual congressional baseball game in 2017.

In an internal Republican Party election this past November, he was elected unopposed by his colleagues for the position of majority leader, the second-highest rank in the House.

On Tuesday, he nominated Mr McCarthy for speaker in the third round of voting, telling his colleagues to come together if they want to “get big things done”.

But Matt Rosendale, a Montana congressman who is one of the 20 Republican holdouts blocking Mr McCarthy’s bid for speaker, appeared to throw cold water Tuesday on the possibility of a Speaker Scalise. He said neither Mr McCarthy nor anyone who has been in Republican House leadership over the past 10 years were acceptable to him.

Elise Stefanik

Elected to the House in 2014, Ms Stefanik was the youngest woman elected to Congress at the time, aged 30.

Once the vice-president of Harvard University’s prestigious Institute of Politics, the New Yorker won election to the House as a moderate.

But the 38-year-old has veered sharply to the right in recent years, most notably by her outspoken support for Donald Trump.

In May 2021, as Republicans ousted Liz Cheney from leadership over her criticisms of Mr Trump, Ms Stefanik was elected to replace her as chair of the House Republican Conference, making her the fourth highest ranking member of the party. She was re-elected to the position this November.

Ms Stefanik also nominated Mr McCarthy for speaker in Tuesday’s first round of voting and was seen taking notes throughout the session.

Other (unlikely) possibilities

The revolt against Mr McCarthy has been led in part by Andy Biggs, an Arizona congressman who is part of the ultra-conservative House Freedom Caucus. Mr Biggs, 64, was nominated by a colleague as an alternative option for Speaker on Tuesday but received only 10 votes, including his own, in the first round.

Another name pitched for Speaker was Representative Jim Jordan, a conservative firebrand from Ohio. Mr Jordan, 58, received only six votes in the first round, but then consolidated support from all of Mr McCarthy’s detractors in the next two rounds. But the congressman, who is in line to assume chairmanship of the powerful House Judiciary Committee, insists he does not want the job and spoke in favour of electing Mr McCarthy on Tuesday.

Neither Mr Biggs nor Mr Jordan are seen as lawmakers who could be acceptable to a majority of their colleagues as speaker.

In three successive ballots, all 212 Democrats in the chamber voted for their own leader, New York congressman Hakeem Jeffries. But the likelihood of six Republicans crossing the aisle to support Mr Jeffries as the consensus pick for Speaker is very low.

Candidates for speaker must be nominated by members of the House, but they don’t need to be elected lawmakers of the chamber, according to the US Constitution.

The chamber has always elected a House member as speaker, but it has seen nominations of non-House members in the past, including Joe Biden in 2019.

Could we hear a Republican nominate Donald Trump for speaker on Wednesday?

 

Read More 

 

January 3, 2023 Latest on the new Congress and House speaker vote

GOP Rep. Patrick McHenry emerged from Kevin McCarthy’s office Tuesday night and said there is a “longer process of negotiation” that needs to happen within the GOP conference, but that he is still confident McCarthy will ultimately be elected speaker.  

McHenry even said he believes some of the 20 lawmakers who voted against McCarthy will come around. “Not 100% of them,” he said. “But I don’t need 100% of them.”

McHenry said there needs to be “a clear understanding” about what offers were made going into today, and now that 20 members have come out in opposition to McCarthy, “we have to have a wider group of members understand what the tradeoffs are, what they look like, and the opportunity for the conference to come to terms with getting the 20 on board.” 

“So this is a longer process of negotiation than just a narrow group, talking to a person,” he said.

McCarthy dropping out is “not on the table,” McHenry said.

“He’s built the goodwill within this conference. And he is the nominee. We’re going to see this thing through. That is the goal. And that’s how we’re working with the people available to vote for him,” he said. 

Rep. Bruce Westerman echoed McHenry’s sentiment that McCarthy will not drop out of the race.

He told CNN that he met with the GOP leader and described him as “upbeat.”

“I have not seen him dejected,” Westerman said.

The Arkansas Republican said he too believes McCarthy will turn it around, but acknowledged that he didn’t know exactly how it would happen.

“I think there’s opportunities to get that headed back in the right direction,” he said of McCarthy’s vote count.

McCarthy failed to secure enough support to win the speakership after three rounds of voting on Tuesday — and lawmakers decided to postpone future votes until Wednesday.

source

Delta jet runs off the end of a taxiway amid icy conditions at Minnesota airport



CNN
 — 

A Delta jet slid off the end of a taxiway at Minneapolis-St. Paul International Airport amid icy conditions Tuesday night, officials said.

The Airbus A320 aircraft had just arrived from Cabo San Lucas, Mexico, and was taxiing when its nose gear went off the pavement around 6:40 p.m., according to a statement from the Minneapolis-St. Paul International Airport.

None of the plane’s 147 passengers were injured, airport officials said. Passengers were taken by bus from the jet to the gate, according to an FAA spokesperson.

The nose gear of Delta Flight 1819 exited the taxiway while turning toward the gate “due to icy conditions,” Delta Air Lines spokesperson Jess Merrill said Tuesday night.

“Our customers have been deplaned and are being transported to the terminal, and we apologize for the delay in their travels,” Merrill added.

The National Weather Service reported the airport had been dealing with light freezing drizzle, snow and fog Tuesday night.

“The aircraft’s nose gear is approximately 30 feet off the pavement and stuck in the snow,” Minneapolis-St. Paul officials said in their statement, adding that crews were working to move the aircraft and the incident didn’t impact airport operations.

The airport said crews had been working most of the day during the winter storm to clear and treat taxiways and runways, which were all closed a short time after the incident with the Delta jet.

“Unrelated to the incident, all runways were closed due to an increase in freezing drizzle around 7:30 p.m.,” airport officials said.

source