Emma Raducanu leaves court injured and in tears ahead of Australian Open

Britain’s Emma Raducanu retired at 6-0 5-7 in her second-round match against Slovakian Viktoria Kuzmova at the WTA 250 Auckland Classic on Thursday after rolling her ankle, casting doubt on her participation at this month’s Australian Open.

Former US Open champion Raducanu swept the first set in 22 minutes but faltered in the second and had her left ankle examined during a medical timeout before leaving court in tears after being unable to complete the first point of the decider.

“I’ve put a lot of physical work in the last few months and I’ve been feeling good and optimistic,” Raducanu was quoted as saying by Stuff Media.

“So to be stopped by a freak injury, rolling an ankle is pretty disappointing, in the first week as well. I thought I was playing some pretty decent tennis.

“The courts are incredibly slick, like very slippery, so to be honest it’s not a surprise that this happened to someone … we’ll assess over the next few days and see what the next steps are.”

The Australian Open begins on January 16.

Earlier, Coco Gauff beat fellow American Sofia Kenin 6-4 6-4 to set up a quarter-final against China’s Zhu Lin, who outlasted Venus Williams 3-6 6-2 7-5 in a rain-hit match that ran 2 hours and 23 minutes.

Williams, 42, served for the match at 5-4 in the final set but Zhu broke and then fended off four break points before closing out the victory.

At the Adelaide International 1 WTA 500 event, twice Australian Open champion Victoria Azarenka saw off Zheng Qinwen 6-2 7-5 to reach the quarter-finals alongside unseeded duo Irina-Camelia Begu and Linda Noskova.

China’s Zheng, who was named WTA Newcomer of the Year in 2022, sent down 10 aces and 34 winners but also made 35 unforced errors at the Australian Open warm-up event.

“She’s a great talent,” said former world No. 1 Azarenka. “I feel like she’s going to be a really, really good player.

“I thought that I stuck to my game plan pretty well today … I was consistent, I was taking my chances when I could. I kept creating more chances. I was a lot more aggressive, a bit more comfortable today on court.”

Belarusian Azarenka next faces Czech teenager Noskova, who followed up her first-round upset of Daria Kasatkina with a 6-2 6-2 win over fellow qualifier Clair Liu.

Romanian Begu reached the quarters with a 6-3 6-0 upset of Latvian seventh seed Jelena Ostapenko, who made 41 unforced errors in an erratic display.

Begu won 11 straight games to overturn a 3-1 first-set deficit and wrap up the win in 73 minutes. She will take on fourth seed Veronika Kudermetova for a place in the semi-finals.

Ons Jabeur, who came close to winning a maiden Grand Slam as she finished runner-up at Wimbledon and the US Open last year, battled through the opening set to beat Sorana Cirstea 7-6(3) 6-1 and set up a quarter-final with Marta Kostyuk in Adelaide.

“(Cirstea) is a great player, she pushed me to do better and better in the first set,” Jabeur said.

The second-ranked Tunisian also outlined her goals for the year, saying, “I want the No. 1 spot, I want to win Grand Slams.”

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Two years later: An overview of Jan. 6 and what took place after

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Friday marks two years since thousands of individuals stormed the U.S. Capitol in an apparent effort to disrupt the certification of President Biden’s presidential win.

One of the rioters was fatally shot by Capitol Police during the attack and more than 900 were charged with crimes.

On Jan. 6, 2021, after weeks of then-President Trump claiming the 2020 election was “rigged” in favor of Biden, thousands of his so-called supporters broke off from a rally he held at Freedom Plaza near the White House and marched toward the Capitol complex.

Lawmakers were forced to evacuate the complex and temporarily suspend the certification of the Electoral College results as rioters plowed through police perimeters, breached the building and occupied it for several hours.

BIDEN EXPECTED TO PRESENT JAN. 6 POLICE OFFICERS WITH PRESIDENTIAL CITIZENS MEDAL: REPORT

Ashli Babbitt, a 35-year-old Air Force veteran, was fatally shot by a Capitol Police officer while attempting to force her way into the House chamber. Another person died during the riot after suffering a drug overdose, and two others died naturally from medical emergencies.

Brian Sicknick, a 42-year-Capitol Police officer, was pepper-sprayed during the chaos and died the next day after suffering from two thromboembolic strokes. Four other officers who responded to the riot committed suicide in the months following.

The counting of the electoral votes resumed hours after the riot, and then-Vice President Mike Pence certified Biden as the winner.

Trump was impeached by the House one week after the riot for “incitement of insurrection,” with 10 Republicans voting in favor — the most pro-impeachment votes ever from a president’s party. Trump left office on Jan. 20 and was acquitted by the Senate more than three weeks later.

HOUSE JAN 6 COMMITTEE RELEASES FINAL 814-PAGE REPORT, RECOMMENDS DONALD TRUMP BE BARRED FROM RUNNING IN 2024

The Jan. 6 riot was investigated by a House select committee, which released its final report shortly before Christmas.

The final report, which culminated a lengthy 18-month investigation, detailed the committee’s findings on the Capitol protests, alleging Trump played a key role in motivating it. Through 814 pages, the committee members — seven Democrats and two Republicans — annotate interviews from more than 1,000 witnesses, information obtained from millions of pages of documents and the contents of 10 public hearings.

Mayor of Washington, D.C., Muriel Bowser told the House select committee investigating the Capitol riots that police had suffered “intelligence failures” due to believing the rioters would be sympathetic to law enforcement.

An estimated 978 capitol protesters have been charged with crimes in the aftermath of Jan. 6, according to a December report from Insider.

Biden, along with other Democrats, have used the events of Jan. 6 to target Trump and his supporters.

“Donald Trump and the MAGA Republicans represent an extremism that threatens the very foundations of our Republic,” Biden said during a September speech in Philadelphia. “MAGA Republicans do not respect the Constitution. They do not believe in the rule of the law. They do not recognize the will of the people. They refuse to accept the results of a free election.”

The White House is expected to hold a ceremony on the two-year anniversary of the riot on Friday.

Biden is expected to bestow the Presidential Medal of Freedom, the second-highest civilian award, to members of the Capitol Police who defended the building on Jan. 6.

Fox News’ Michael Lee, Jon Brown, Brooke Singman, Lawrence Richard and The Associated Press contributed to this report.

 

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Jews are leaving the Democrat Party and are key to Republican success

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In 2019, responding to growing normalization of progressive antisemitism and anti-Israelism in the Democratic Party, we coined the Brexit-inspired term “Jexodus.” Jexodus inspired immediate derision as yet another hopeless claim, useless against the Democrats’ impervious lock on the enigmatic “Jewish Vote.” 

 Our focus was elsewhere. We’d identified a voting bloc of traditional Jews, small but strategic in the big picture, that was ripe to flip from blue if not to red, then at least to genuine independence. Well, there’s no denying any longer that Jexodus is real – and its impact has already proven to be greater than anything even we could have anticipated. 

 On the local front, the turmoil and power of Jexodus sentiment was felt first. In 2021, Nassau County – with a greater population and GDP than 10 states – flipped blue to red very much thanks to this demographic. The new County Executive Bruce Blakeman is himself a longtime friend to the traditionalist community. 

WITH ANTISEMITISM ON THE RISE, AMERICAN JEWISH GROUPS AIM TO TAKE A STAND AGAINST THREATS

That may not have pinged anyone’s radar in Washington, but in New York it caught the attention of congressman and GOP gubernatorial candidate Lee Zeldin. Leading the 2022 GOP charge statewide, Zeldin understood what mattered to Jexodus voters and that Jexodus voters mattered. The results were stunning. Zeldin came far closer than expected to an upset over incumbent Governor Kathy Hochul, and in his surging campaign wake, four New York House seats actually flipped blue to red.

Every one of those seats had a sizable concentration of Jexodus voters. In short, Jexodus wasn’t merely significant to New York: amid otherwise terrible midterm performance, the 2022 Jexodus vote was perhaps the key factor delivering the House to the GOP.

Who are Jexodus voters, and why are they restless?

Politically, identities, like issues, are relevant only if they impact voting patterns. Ethnicities or affinity groups whose members vote as age, income, education, and ZIP code would anyway predict are electorally uninteresting. That’s why it’s been decades since we last heard about the once-critical Irish vote and why gun owners are politically relevant, but Scrabble players are not. If, on the other hand, members of one group vote differently from similarly situated members of other groups, the issues and priorities driving that difference are worth understanding.

Most political discussions about the “Jewish Vote” focus on the wrong Jews. The overwhelming Democratic preference of the stereotypical mainstream American Jew derives from them having assimilated. Largely urban/inner suburban, affluent, and college educated, their vote is entirely unlinked to them being Jews. 

There is, however, a genuinely identifiable, politically covetable Jewish vote. Its most visible component is Orthodox — Jews who live, dress, think and act uniquely as Jews — but it also includes non-observant Jewish émigrés from the former Soviet Union, Middle East and North African countries, Israel and their children. These “traditionalists” tend to live in enclaves and maintain a uniquely Jewish prioritization of issues.

For those living in and around New York — by far the largest concentration — the past few years have been brutal. Atop general concerns about inflation and the declining quality of life, they’ve been disproportionately targeted for street, subway and hate crime. The late-2019 massacres in Monsey, New York, and Jersey City, New Jersey, are still raw.

When COVID-19 hit, Governor Mario Cuomo and New York Mayor Bill de Blasio repeatedly slandered Orthodox Jews as responsible for its spread. Restrictions on communal prayer and gathering battered the community even as the same Democrats encouraged a Black Lives Matter movement steeped in antisemitism and street violence. 

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In the run-up to November’s election, The New York Times ran a hit piece smearing private Jewish religious schools — just in time for New York’s Democrat-run Board of Regents to denounce them and demand control. 

Those seemingly parochial concerns place this community at the forefront of America’s burning cultural issues: parental rights, religious freedom, racism and discrimination, criminal justice reform, education standards and content, Second Amendment and more. On every one of these issues, as on concern for Israel, traditionalist Jewish interests align with powerful blocs in the GOP — and against today’s Democratic Party. 

At the establishment leadership level, old alliances die hard. But we predicted Jexodus because we saw the grassroots becoming restless and dissatisfied. Trump’s scornful iconoclasm was popular with this cohort in 2016; even more in 2020. We saw a community of outsiders directly impacted enough to appreciate that politicians whose interests and values diverge from your own are not your friends even if they throw money into your community. “Tradition” has become anathema to Democrats; the Jexodus vote is as much about preserving Jewish ways of life as it is about preserving Jewish lives.

The results speak for themselves. According to GOP strategist Michael Fragin, an expert in Jewish community voting patterns, turnout was massive. Heavily traditionalist precincts in the Five Towns netted Anthony D’Esposito more than 8,000 votes; he won his congressional race by 10,000. Those in Great Neck netted Rep.-elect George Santos 3,000 of his 20,000-vote victory. (Oy.) Traditionalist bastions in Rockland County favored both Zeldin and Rep.-elect Mike Lawler by over 12,000 votes. Lawler dethroned DCCC Chair Sean Patrick Maloney by 3,000 votes. Orthodox enclaves in Staten Island broke heavily for both Zeldin and Rep. Nicole Malliotakis. And in Sullivan County, Jewish strongholds helped elect Rep. Marc Molinaro to Congress.

Taken together, in 2022, traditionalist Jews – Jexodus – helped swing four closely contested House seats, arguably the key to the only national GOP success story. 

Jexodus is here. Jexodus is powerful. And Jexodus is, as they say, “Good for the Jews.” 

Jeff Ballabon is a principal at B2 Strategic public affairs and The American Restoration Institute.

 

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These 6 Club stocks look reasonably priced as Wall Street shuns high flyers

US Top News and Analysis 

We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears mount. Other stocks in Jim Cramer’s Charitable Trust , the portfolio we use for the Club, do not carry the same level of valuation risk. We wanted to call attention to some of those lower-multiple stocks that we believe are worth watching. We’re focusing on forward price-to-earnings ratios, calculated by dividing share price by estimated earnings-per-share over the next 12 months. The quotient is what’s known as the multiple . The S & P 500 ‘s overall multiple has fallen over the past year, going from around 21x forward earnings in early January 2022 to around 16.8x on Thursday. A lot goes into what investors are willing to pay for a stock, including higher interest rates — which make bond yields more competitive with stock returns — and the growth rate of a company’s profits relative to peers. As an investor looking to buy a stock, it may be easier to run the P/E in reverse. In this high-level hypothetical, start with the multiple you want to pay and multiply that by forward earnings estimates. If you’re willing to assign a 10 multiple to earnings per share of $5, that translates to a stock price of $50. But now growth is less certain and interest rates are going up, so you think paying 10x forward earnings is too risky. Instead, you think paying 8x forward earnings is more appropriate, meaning you’re only willing to pay $40 per share. Eventually it becomes clear profits are shrinking, and the company won’t earn $5 per share anymore; estimates now call for EPS of $4. In this scenario, paying 8x future earnings is too rich because the earnings growth is less robust. You determine you’re only willing to pay 7x forward earnings of $4 per share, translating to a stock price of just $28. This is an oversimplified explanation, to be sure. But it offers a look at what happens to stock prices when investors, in general, are less willing to pay a premium for a stock in an environment where that company’s earnings growth is slowing down and bonds are increasing in attractiveness. Right now, a key problem for the market is that many investors believe earnings estimates are too high. If the Federal Reserve stays hawkish and the U.S. economy continues to weaken and tip into recession, corporate profits may erode more than currently expected. This could intensify the pressure on stock prices. Higher-multiple stocks have a smaller margin for error in situations like this. Even a slight downward revision to earnings could lead to a considerable decline in richly valued shares. With this in mind, here are six Club stocks that currently fit our definition of reasonably priced, meaning they trade either around or below the S & P 500’s overall valuation. JNJ mountain 2022-01-05 Johnson & Johnson’s stock performance over the past 12 months. Johnson & Johnson (JNJ) is currently trading around 17.4x forward earnings, and the health-care company fits within the more defensive-oriented posture we believe is appropriate in this market. We’re also inching closer to J & J’s split into two publicly traded companies , a decision we believe will enhance shareholder value. On Wednesday, the company’s consumer health unit, which plans to be called Kenvue, filed with the U.S. securities regulator to be listed on the New York Stock Exchange. The pharmaceutical and medical technology divisions will retain the J & J name and own at least 80.1% of Kenvue. META mountain 2022-01-05 Meta Platforms’ stock performance over the past 12 months. Shares of Meta Platforms (META) trade at less than 16x forward earnings estimates, following a brutal 2022 for the once high-flying stock. Meta’s reliance on advertising revenue makes it more exposed to economic conditions than, say, J & J. However, the stock’s below-market multiple provides some comfort. Plus, the Instagram and Facebook parent let go more than 11,000 employees late last year, an important step to bring down expenses in the face of topline headwinds. HAL mountain 2022-01-05 Halliburton’s stock performance over the past 12 months. Oilfield services provider Halliburton (HAL) trades at roughly 13x forward earnings, a valuation that we find very reasonable. The stock is below its five-year average P/E of 17.2, per FactSet, and the company’s underlying business has been performing well. Management has talked about a multiyear drilling cycle, stemming from previous years of underinvestment, which should help the business remain resilient. Halliburton is up more than 7% since we added 150 shares to our position Dec. 16 . Our other three energy stocks — Pioneer Natural Resources (PXD), Devon Energy (DVN) and Coterra Energy (CTRA) — also maintain P/Es well below the S & P 500. We like the group here, evidenced by our purchase of 25 PXD shares on Wednesday . Morgan Stanley MS mountain 2022-01-05 Morgan Stanley’s stock performance over the past 12 months. At just under 12x forward earnings, Morgan Stanley (MS) is one of only two financial stocks in our portfolio. We’re comfortable owning it at present valuations despite a potential recession on the horizon. It carries an annual dividend yield of roughly 3.6%, which rewards investors for their patience, and the company bought back $2.6 billion worth of stock in the three months ended Sept. 30. Morgan Stanley checks all our boxes as a company that does real things for a profit, returns capital to shareholders and is reasonably priced. WFC mountain 2022-01-05 Wells Fargo’s stock performance over the past 12 months. Wells Fargo (WFC)— the other bank in our portfolio — trades at 8.3x forward earnings and is well-liked by analysts . While recession fears may be weighing on the stock, Wells Fargo’s loan portfolio is very high quality. The bank also benefits from the Federal Reserve’s higher interest rates. We also view the company as a turnaround story as it looks to get past regulatory restrictions . F mountain 2022-01-05 Ford Motor’s stock performance over the past 12 months. Ford (F) has one of the lowest price-to-earnings multiples in our portfolio, at just under 7x. We like the automaker here, with Jim saying on Thursday that he’d buy the stock at current levels . In December, Ford’s money-making F series pickup trucks registered their best sales month of 2022 — a positive sign after months of production disruptions limited availability. We’re fans of the company’s electric vehicle strategy, too. (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.

A Halliburton oil well fielder works on a well head at a fracking rig site January 27, 2016 near Stillwater, Oklahoma.
J. Pat Carter | Getty Images

We’re growing increasingly worried about some richly valued companies in our portfolio, including the likes of Nvidia (NVDA) and Microsoft (MSFT). Expensive stocks remain out of favor on Wall Street — just as they had been for much of last year — and there could be more room for them to fall as recession fears mount.

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Automakers are cautiously optimistic for a 2023 rebound after worst new vehicle sales in more than a decade

US Top News and Analysis 

New Jeeps on display at a New York City car dealership on Oct. 5, 2021.
Spencer Platt | Getty Images

DETROIT — Automakers are hopeful last year’s new vehicle sales — the worst in more than a decade — will mark a bottom for the market, at least in the near term.

Industry estimates range from 13.7 million to 13.9 million new vehicles being sold last year in the U.S., a roughly 8% to 9% decline compared with 2021 and the lowest level since 2011 when sales were recovering from the Great Recession.

Sales varied widely by automaker, as parts and supply chain problems affected companies at different times, but most — with General Motors’ 2.5% gain as a notable exception — were down compared with 2021. Ford Motor, Hyundai and Kia all reported low single-digit declines. Toyota Motor was down 9.6%, while Stellantis, Nissan and Honda Motor posted double-digit falls of 13%, 25% and 29.4%, respectively.

But auto industry executives remain cautiously optimistic that sales will rebound in 2023, regardless of recessionary fears, rising interest rates and other economic concerns. A typical year prior to the pandemic saw more than 17 million in sales.

Toyota and GM said they expect U.S. auto sales to increase to about 15 million vehicles this year. That would be a roughly 9% increase over 2022. S&P Global Mobility and Edmunds expect 2023 new U.S. vehicle sales to be 14.8 million, while Cox Automotive’s preliminary forecast is 14.1 million.

“We’re cautiously optimistic about the future. In 2023, there will be an uptick not quite as high as we would love it to be but going the right direction,” Jack Hollis, executive vice president of Toyota Motor North America, said during a briefing Wednesday. “Demand is still higher than our supply.”

The reason for the optimism is two-fold: Sales have been at or near recessionary levels due to parts and supply chain issues, plus demand has piled up from consumers and businesses after years of tight vehicle inventories during the pandemic.

Automakers have reported record or near-record results in recent years amid the tight supply of new vehicles and resilient consumer demand. They have banked on sustained pent-up demand as inventory levels normalize, hoping to avoid heavy discounts or incentives to move vehicles.

The deep discounts typical of the industry help to maintain production and increase sales, however several auto executives have vowed they will not return to such tactics at the cost of profits.

Automakers can offset underwhelming retail sales with fleet sales to governments and companies such as rental car agencies. Those bulk sales have taken a back seat to retail customers in recent years and are traditionally less profitable than those to consumers but assist in moving product.

“The fleet demand is very high, no doubt,” Hollis said, adding he believes there will be a “moderation” across the industry regarding incentives.

Charlie Chesbrough, Cox’s senior economist and senior director of industry insights, said he doesn’t believe vehicle sales will post any notable increase in 2023 — unless automakers let up on pricing to make them more affordable.

Automakers have largely passed rising commodity costs to build vehicles onto consumers, making the vehicles more expensive. That, combined with skyrocketing interest rates, higher gas prices and broad inflation, has dampened new vehicle demand.

“This is one of those rare times where we really have no idea which direction the market could go. It could easily go up or down from where we’re at right now,” Chesbrough told CNBC. “The pace over the last couple of months has been definitely pointing to a weakening market.”

Vehicle inventories improved toward the end of the year — a sign record-high vehicle prices may finally ease. And higher volumes bring the potential for a “demand destruction” scenario, where supplies begin to outpace demand.

Many on Wall Street also fear that the most profitable days for automakers may be behind them amid higher interest rates, falling used vehicle prices and a normalization of sales mix away from fully loaded models.

Chesbrough said there’s “certainly downside risk to the market” in the event of a full-blown recession. But he said the impact wouldn’t be as prevalent as it has been in the past because many lower-income and subprime borrowers, who would typically leave the new vehicle segment during a recession, have already done so because of low inventories and record-high prices.

Last year’s sales total remains an estimate because not all automakers publicly release results. Motor Intelligence reports sales were nearly 13.9 million units last year, Cox Automotive estimates sales at 13.8 million and Edmunds and Wards Intelligence estimate 13.7 million.

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Air India's handling of unruly passengers criticized by regulator

Air India faced criticism on Thursday, January 5 from the country’s aviation regulator for its handling of an unruly passenger on a flight from New York in November, and also acknowledged that a second similar incident occurred last month on a flight from Paris to New Delhi.

Air India had said in a statement that it had banned a male passenger for 30 days in compliance with regulations following an incident on a November 26 flight from New York to New Delhi in which the man, while apparently inebriated, urinated on a female fellow passenger.

The airline, which is owned by Tata Group, said it had reported the matter to the Directorate General of Civil Aviation (DGCA), India’s air safety watchdog, for further action.

DGCA, however, said on Thursday that it had sought details from the airline on the incident, but at first glance it appeared that Air India had not complied with provisions related to the handling of an unruly passenger on board. “The conduct of the concerned airline appears to be unprofessional and has led to a systemic failure,” DGCA said in its statement.

The watchdog said it had issued a notice to the airline’s executives and the pilots and cabin crew members on the flight asking them to explain within two weeks why action should not be taken against them for failing to uphold regulations.

It did not respond to a request for comment seeking details on what action it had expected the airline to take.

Air India did not immediately respond to a request for comment from Reuters on the DGCA notice.

In 2017, India issued new standards barring unruly passengers from flying for a minimum of three months to more than two years depending on the nature of the misdemeanor.

Air India reported on Thursday a second incident, which took place on a December 6 fight from Paris to New Delhi during which a male passenger urinated on a vacant seat and the blanket of another passenger.

Air India added that the male passenger on the Paris flight had been taken into custody on arrival at Delhi but was later released by federal police after he reached an understanding with the victim and tendered a written apology. The airline said it did not lodge a police report in deference to the victim’s wishes.

Top: Air India logo on a building in Mumbai in 2020. Photo by Getty Images.

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Democrat Mary Peltola doubts results of GOP’s House speaker battle: ‘I’m never getting sworn in am I?’

Latest & Breaking News on Fox News 

After three days and 11 votes, the House of Representatives has still not elected a new speaker for the 118th Congress. This delay has caused some Democrats to doubt whether Republicans who are in disagreement will come to terms anytime soon.

“I’m never getting sworn in am I?” Rep-elect Mary Peltola, D-Alaska, tweeted Thursday afternoon, as members were anticipating another round of votes. Peltola won office in Nov. when she defeated former Republican vice presidential nominee Sarah Palin.

The House of Representatives held three votes on Tuesday, three votes on Wednesday and five votes on Thursday, but each failed to have a candidate reach the 218-vote threshold to lead the chamber.

A vote to select a speaker must be the first action taken in a new Congress, even before new members are officially sworn in to office.

ALASKA INCUMBENT REP. MARY PELTOLA WINS FULL TERM TO REPRESENT STATE’S AT-LARGE CONGRESSIONAL DISTRICT

McCarthy has been the recipient of the majority of the Republican votes, in a chamber where they hold the majority, but has failed to convince some defectors to support his speakership.

His 20 opponents have voted for Rep-elects Jim Jordan, R-Ohio, Byron Donalds, R-Fla., Kevin Hern, R-Okla., and others. Some have also publicly said they do not trust his leadership or believe he strongly reflects Republican ideologies.

There are members of both camps, however, who are optimistic negotiations will result in an agreement.

A deal is on the table that is expected to see 10 to 12 Republican holdouts throw their support behind McCarthy for speaker, a source confirmed to Fox News Digital.

THE VOTE FOR HOUSE SPEAKER

Rep-elect Matt Gaetz, R-Fla., who has helped lead the House Freedom Caucus to oppose McCarthy, appears to remain one of the holdouts as he definitively said Thursday he would not support McCarthy for speaker.

When confronted in the halls of Congress, Gaetz said he would not agree to a decision that “results in Kevin McCarthy becoming speaker.”

Rep-elect Scott Perry, R-Penn., who has also voted against McCarthy, denied such a deal was in place.

MATT GAETZ CALLS OUT TRUMP OVER SUPPORT FOR MCCARTHY’S SPEAKER BID

“A deal is NOT done,” he tweeted Thursday. “I will not yield to the status quo,” he added.

Several Democrats and members of the media have said the delay and current Republican in-fighting highlight why they should not be leading the chamber.

Gaetz and others, instead, have suggested the delay is utilizing normal rules and processes to carefully select who will lead the legislative body to better help Americans.

The House will reconvene Friday as additional votes are expected.

Fox News’ Kelly Phares contributed to this report.

 

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Deutsche Bank downgrades Bank of America, JPMorgan Chase as fundamentals weaken

US Top News and Analysis 

Deutsche Bank is shifting its perspective on shares of Bank of America and JPMorgan Chase as macro uncertainties loom. Analyst Matt O’Connor downgraded shares of both banks to hold from buy in a note to clients Thursday, saying that the two stocks look poised for new lows as fundamentals weaken. “In some ways, it’s tempting to get more positive given stocks are already down sharply, inflation seems to be slowing and Fed rate hikes may be coming to an end,” he said. “But our gut is that stocks will set new lows and fully (or close to it) price in a US recession suggesting there’s more risk from here.” Looking ahead, O’Connor expects net interest rate margins to peak, loan growth to slow and credit costs to climb, viewing regional banks as more defensive given their lower exposure to credit card risks and global capital markets. “In this macro backdrop, we also worry investment banking fees will remain sluggish in this backdrop and trading will normalize more than expected,” he wrote. O’Connor also sees earnings for both companies as likely peaking, expecting downturn risks to pressure valuations. Shares of Bank of America and JPMorgan fell more than 25% and 15.3%, respectively, in 2022. The firm’s revised $36 and $145 price targets suggesting shares can gain about 6% and 7%, respectively. O’Connor, meanwhile, upgraded shares of PNC Financial Services to buy, saying that the company’s strong credit underwriting and cost control position is as one of the shares most defensive within the banking group. His revised $200 target implies more than 25% upside from Thursday’s close. — CNBC’s Michael Bloom contributed reporting

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Trump accused in lawsuit of causing wrongful death of Officer Brian Sicknick in US Capitol attack



CNN
 — 

The estate of Brian Sicknick, a Capitol Police officer who died after responding to the January 6, 2021, attack on the US Capitol, is suing two rioters involved in the attack and former President Donald Trump for his alleged role in egging it on.

The civil lawsuit, filed Thursday in Washington, DC’s federal court, adds to the 2024 presidential candidate’s troubles linked to his efforts to impede the peaceful transfer of power after his 2020 electoral loss. Trump is already a defendant in several other civil January 6-related civil lawsuits, where he is arguing his presidency makes him immune from liability.

The lawsuit from Sicknick’s estate was filed the day before the Capitol attack’s two-year anniversary.

“As Officer Sicknick and hundreds of others—including other police officers, elected officials, and rank-and-file workers at the Capitol—were put in mortal danger, and as the seat of American Democracy was desecrated by the insurgent mob, Defendant Trump watched the events unfold on live television from the safety of the White House,” lawyers for Sicknick’s estate and his partner Sandra Garza wrote in the complaint. “The horrific events of January 6, 2021, including Officer Sicknick’s tragic, wrongful death, were a direct and foreseeable consequence of the Defendants’ unlawful actions.”

Sicknick’s estate also alleges a conspiracy, negligence and assault.

The lawsuit notes that Trump instructed his supporters in Washington on January 6 to “fight like hell” and “show strength” in his speech before the Capitol riot.

Julian Khater and George Tanios, the two Capitol rioters named in the suit, pleaded guilty last summer to crimes related to the breach. They are set to be sentenced later this month.

During the riot, Khater took bear spray from Tanios’ backpack, spraying Sicknick and other officers in their faces and forcing them to recoil as rioters pushed forward toward the Capitol steps.

Sicknick suffered multiple strokes and died of natural causes the day after the Capitol breach, according to a 2021 report by DC’s chief medical examiner. The examiner, Francisco Diaz, told the Washington Post that “all that transpired” on January 6 “played a role in his condition.”

The Sicknick wrongful death allegation against Trump marks the most serious accusation to date that the former president was liable for the January 6 insurrection.

Sicknick’s attorneys are asking the court for damages of more than $10 million.

Trump already faces previous civil lawsuits brought by Democratic lawmakers and other law enforcement officers who responded to the Capitol attack. DC’s federal appeals court is considering whether to uphold a trial judge’s ruling that Trump could be held liable for damages for his actions in the lead up to the riot. If that lawsuit is successful, the Sicknick complaint is likely to follow in its legal footprints.

Some of the same lawyers bringing the Sicknick case also brought that existing riot conspiracy case. Another lawyer involved in the Sicknick case has represented other Capitol Police officials following the attack.

Criminal investigations around January 6 are ongoing, including a probe into Trump-supported bids to disrupt Joe Biden’s win that is now being led by special counsel Jack Smith. In recent weeks, prosecutors have taken new investigative steps, including obtaining documents from local election officials. Trump has not been criminally charged.

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Russia’s 36-hour cease-fire begins; Zelenskyy rejects pause as a ‘cover’ to advantage Russian troops

US Top News and Analysis 

Russia’s 36-hour cease-fire began at noon Moscow time, ordered by President Vladimir Putin for Russian Orthodox Christmas on Jan. 7. Ukrainian leader Volodymyr Zelenskyy rejected the cease-fire, calling it a move designed to allow Russian soldiers time to rest and get reinforcements and prevent Ukrainian advances.

The think tank Institute for the Study of War said Putin’s move is likely an information operation to make Ukraine look aggressive and unwilling to negotiate.

Meanwhile, Ukraine is receiving more military aid from its U.S. and European allies, including artillery shells, light tanks and Bradley fighting vehicles.

Russia’s 36-hour cease-fire begins

Ukrainian soldiers of a special forces unit prepare to fire mortar shells at Russian forces amid artillery fights on Dec. 20, 2022, in Bakhmut, Ukraine.
Pierre Crom | Getty Images News | Getty Images

Russia’s cease-fire, ordered by Putin for Russian Orthodox Christmas on Jan. 7, began officially at noon Moscow time.

“At noon today, the ceasefire regime came into force on the entire contact line. It will continue until the end of 7 January,” Russia’s state Channel One news announced.

The move is seen by many as a chance to let Russian soldiers rest and recuperate and to prevent Ukrainian troops from making territorial gains. Ukraine has rejected the cease-fire, likening it to a trap aimed at giving Russian forces an advantage.

— Natasha Turak

Zelenskyy rejects Putin’s temporary cease-fire proposal, says war will end ‘when your soldiers leave’

Ukrainian President Volodymyr Zelenskyy slammed a proposal from Russian President Vladimir Putin for a temporary cease-fire during Orthodox Christmas on Jan. 7.
Ukrinform | Future Publishing | Getty Images

Ukrainian President Volodymyr Zelenskyy slammed a proposal from Russian President Vladimir Putin for a temporary cease-fire during Orthodox Christmas on Jan. 7, calling it a cover to stop Ukrainian forces’ advances and bring in more reinforcements for Russian troops.

“They now want to use Christmas as a cover, albeit briefly, to stop the advances of our boys in Donbas and bring equipment, ammunition and mobilized troops closer to our positions,” Zelenskyy said in his nightly video address. “What will that give them? Only yet another increase in their total losses.”

Zelenskyy spoke in Russian rather than Ukrainian, and said that a real cease-fire meant “ending your country’s aggression … And the war will end either when your soldiers leave or we throw them out.”

Many have pointed out that Russia did not offer a cease-fire on on Dec. 25, which is celebrated by many Orthodox Ukrainians, or for the new year. New Year’s Eve saw Russia attacking cities in Ukraine with drone strikes, taking out power infrastructure and destroying residential buildings.

— Natasha Turak

Bradley armored vehicles will provide ‘firepower and armor that will bring advantages on the battlefield,’ Pentagon says

Ukrainian soldiers with the 43rd Heavy Artillery Brigade sit atop 2S7 Pion self propelled cannon on the battlefield, as Russia’s attack on Ukraine continues, during intense shelling on the front line in Bakhmut, Ukraine, December 26, 2022.
Clodagh Kilcoyne | Reuters

The Pentagon said that the Bradley Fighting Vehicles will provide Ukraine with an advantage on the battlefield but declined to elaborate on how the armored vehicles would be equipped and how long training would take.

It was also unclear how many Bradleys the U.S. would send to Ukraine and how long it would take for the tracked armored vehicles to make their debut on the battlefield against Russia.

The White House is slated to announce the next security assistance package on Friday.

Pentagon Press Secretary U.S. Air Force Brig. Gen. Pat Ryder said that the Bradleys will provide “a level of firepower and armor that will bring advantages on the battlefield as Ukraine continues to defend their homeland.”

— Amanda Macias

‘We know better than to take anything we see or hear from Russia at face value,’ State Department says of Russia’s proposed truce

U.S. State Department spokesman Ned Price holds a press briefing on Afghanistan at the State Department in Washington, August 16, 2021.
Kevin Lamarque | Reuters

State Department spokesman Ned Price said it was up to Ukraine if they want to participate in Russia’s proposed truce.

Price said that the U.S. has “little faith in the intentions behind this announcement,” adding that Russia has previously broken such promises.

“We know better than to take anything we see or hear from Russia at face value. Unfortunately, they have given us no reason to take anything that they offer at face value,” Price added.

Earlier on Thursday, Russian President Vladimir Putin proposed a temporary ceasefire.

The cease-fire would allow Orthodox Christians in Russia and Ukraine to celebrate Christmas services.

— Amanda Macias

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