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There is already an effort underway by wealthy Biden donors to recruit Haley's bundlers and contributors. The Biden Victory Fund raises money for the Biden campaign, the Democratic National Committee and dozens of state parties. "Everyone, including Republican voters who reject Trump's chaos, division, and violence, has a home in President Biden's campaign," said Munoz, the Biden campaign aide. The ads will feature onetime Trump voters explaining why they decided not to vote for him again. A political action committee called "Haley Voters for Biden" is also trying to persuade Haley voters to support Biden, according to Semafor.
Persons: Joe Biden, Sara Stathas, Donald Trump, Biden, Nikki Haley's, Kevin Munoz, Haley, Trump, Nikki Haley, Allison Joyce Allison Joyce, Liz Cheney, Chris Christie, Cheney, Christie, Biden outraised Trump, Haley's bundlers, Haley bundlers, MAGA, X George Conway, Conway, Biden's, Munoz, Bill Kristol, Reagan, Team Biden, Bill Kristol Michael Brochstein, Mike Madrid, Chris Sununu, Joseph Prezioso Organizations: Hillside Boys, Girls Club, Bloomberg, Getty, Democratic, Republican Party, Republican, CNBC, Former U.S, United, REUTERS, Reuters, Democratic Biden, Trump, Biden, New, New Jersey Gov, Republicans, Democratic National Convention, CNN, Trump Republican, South, GOP, Biden Victory Fund, Fund, Democratic National Committee, Haley Republicans, WI, Team, Against Trump, Trump PAC, Lincoln, UN, New Hampshire, Winnacunnet, School, AFP Locations: Milwaukee , Wisconsin, Charleston , South Carolina, U.S, Wyoming, New Jersey, South Carolina, Madrid, Hampton , New Hampshire
New York CNN —It’s no secret that commercial real estate (CRE) has become a source of stress for banks. Regional banks were on high alert recently after New York Community Bancorp (NYCB) reported steeper-than-expected future losses on commercial real estate loans. So why is it that the smaller, regional banks are so much more exposed to commercial real estate? Office real estate is among the bank’s smaller commercial real estate subcomponents. Robbins of Valley National Bank told CNN “we remain comfortable with our diverse and granular commercial real estate portfolio.”Office real estate is just one component of commercial real estate, albeit the most worrisome to banks and economists.
Persons: New York CNN —, Goldman Sachs, Fitch, Banks, BankRegData, Flagstar, , JPMorgan Chase, , Michael Brochstein, it’s, Ira Robbins, Robbins, CNN “, Carlos Barria, Organizations: New, New York CNN, New York Community Bancorp, Flagstar Bank, Federal Deposit Insurance Corporation, National Bank, JPMorgan, Getty, Valley National Bank, CNN, Fitch, FDIC, Reuters Locations: New York, Morristown , New Jersey
“We are operating in the assumption that an Israeli military operation is in the coming months,” one senior Biden administration official said. That deal would likely postpone an Israeli incursion, US officials believe. “Some Israeli officials suggest that it is more of an effort at creating a threat that they can utilize. A second senior Biden administration official said there are elements inside the Israeli government and military in favor of an incursion. Benjamin Netanyahu Ariel Tagar/USA Today“Once the war is over, his expiration date arrives,” the first senior administration official said.
Persons: Biden, , , let’s, Let’s, , Israel, Herzi, Amos Hochstein, Amos Hochstein Michael Brochstein, Amos, Hochstein, Yoav Gallant, It’s, ” Gallant, Ziv, Jalaa Marey, Benjamin Netanyahu, Benjamin Netanyahu Ariel Tagar Organizations: CNN, Biden, , Israel, US, Getty, Lebanese Armed Forces, United Nations, UNIFIL, Bibi Locations: Israel, Lebanon, Israeli, Gaza, , Washington, The State, Beirut, Baalbek, Israel's, Safed, AFP, ” Israel, Golan
The Joe Manchin Experience
  + stars: | 2023-11-11 | by ( The Editorial Board | ) www.wsj.com   time to read: 1 min
Senator Joe Manchin Photo: Michael Brochstein/Zuma PressJoe Manchin ’s decision Thursday not to run for re-election to the Senate and instead explore whether he can “mobilize the middle” in American politics has Democrats in a tizzy, and we can see why. They’re one seat closer to losing their Senate majority in 2024. And they especially fear that the West Virginia Democrat might run as a third-party presidential candidate on the No Labels ticket, steal votes from President Biden, and elect Donald Trump.
Persons: Joe Manchin, Michael Brochstein, Joe Manchin ’, Biden, Donald Trump Organizations: Zuma, Senate, West, West Virginia Democrat Locations: West Virginia
The House passed Republicans’ $14.3 billion Israel-aid bill on Thursday, although Senate Democrats have warned that the bill will be dead on arrival in their chamber. President Biden also said he would veto the measure. Photo: Michael Brochstein/Zuma PressWASHINGTON—The House passed Republicans’ $14.3 billion Israel-aid bill on Thursday, setting up a fight with the Democratic-controlled Senate, which is pursuing a much larger package that includes assistance to Ukraine. The measure was approved 226-196 in a largely party-line vote that masked broad underlying U.S. support for sending weapons and financing to Israel.
Persons: Biden, Michael Brochstein, Zuma Press WASHINGTON Organizations: Republicans ’, Zuma Press, Democratic Locations: Israel, Ukraine
The Spaulding Smails Democrats Get a New Speaker
  + stars: | 2023-10-27 | by ( James Freeman | ) www.wsj.com   time to read: 1 min
Speaker of the House Mike Johnson (R., La.) Photo: Michael Brochstein/Zuma PressWednesday’s ascension of Rep. Mike Johnson (R., La.) as the new speaker of the House brings cause for optimism and also a helpful clarification. The previous Speaker, Rep. Kevin McCarthy (R., Calif.), is a savvy political operator. But he made clear that there were some deals he wasn’t willing to cut to hold on to power.
Persons: Mike Johnson, Michael Brochstein, Kevin McCarthy Organizations: U.S . Capitol, Zuma Locations: Calif
Sen. Roger Marshall argues that separating Israel aid would prevent it from being bogged down in the House. Photo: Michael Brochstein/Zuma PressWASHINGTON—A group of Republican senators introduced a stand-alone bill that would send billions of dollars in aid to Israel but not Ukraine, underscoring the challenges facing a much larger $106 billion Biden administration proposal that includes more funding for Kyiv. The group of GOP senators argues that separating the Israel aid would prevent the assistance from being bogged down in the House, where the number of Republicans opposed to funding Ukraine aid is growing, and now makes up more than half the GOP conference.
Persons: Sen, Roger Marshall, Michael Brochstein, Zuma Press WASHINGTON Organizations: Zuma Press, Biden, Kyiv, GOP Locations: Israel, Ukraine
U.S. Lawmakers See Russia Rebellion Benefiting Ukraine
  + stars: | 2023-06-24 | by ( ) www.wsj.com   time to read: 1 min
Rep. Jason Crow (D., Colo.) said Ukraine should move quickly to capitalize on the insurrection. (Michael Brochstein/Zuma Press)Congress has passed vast spending bills supporting Ukraine. Now some of its members see the rebellion launched by paramilitary leader Yevgeny Prigozhin as helping Kyiv’s effort to push Moscow’s troops from Ukrainian territory. “This will almost certainly benefit the Ukrainian counteroffensive in the near term and Ukraine should move quickly to capitalize,” said Rep. Jason Crow (D., Colo.), a former Army Ranger, in a tweet. Still, Prigozhin is “nobody’s friend and not less dangerous than Putin,” he said.
Persons: Jason Crow, Michael Brochstein, Yevgeny Prigozhin, , Putin Organizations: Zuma Press, Army Locations: Colo, Ukraine
Toyota’s Hybridized EV Strategy Is Expensive
  + stars: | 2023-05-10 | by ( Stephen Wilmot | ) www.wsj.com   time to read: 1 min
The 2023 Toyota Prius Prime at the Washington, D.C. Auto Show. Photo: Michael Brochstein/Zuma PressOnly a company as large as Toyota can still afford to hedge its bets on the future of cars. The Japanese manufacturing giant said Wednesday that its operating income would grow 10% to a record 3 trillion yen, equivalent to about $22.2 billion at the current exchange rate, in the fiscal year through March 2024. The reason is a 10% recovery in vehicle deliveries as semiconductor supplies normalize following pandemic shortages.
But even by the standards of the profession, the language in Dominion's $1.6 billion lawsuit against Fox News has been downright apocalyptic. A victory for Dominion against Fox, they say, could wreak havoc for other journalism organizations across the country. The sheer closeness between Trump and Fox News makes a case like this unlikely to harm journalism organizations down the line, Goodale said. The vast majority of defamation cases against media organizations are settled, which gives few high-profile precedents to the Dominion lawsuit. "And that's the balance that the Sullivan court strike tried to strike in 1964.
The bank crisis that started with Silicon Valley Bank last Friday continues to unfold with what feels like to-the-minute developments. First Republic Bank branch on Park Avenue in New York City. In light of the bank runs, bank failures, and bank stock volatility, those odds are now at 35%, strategists said Thursday, citing "increased near-term uncertainty" surrounding the effects of small bank stress. Silicon Valley Bank and Signature Bank marked the second and third largest bank failures in history, respectively, behind only Washington Mutual in 2008. She explained why you should be prepared for more interest-rate volatility as fears of a financial crisis rise.
Watch: McCarthy Calls for Unity After Failing to Secure Votes for Speaker Republican Kevin McCarthy urged House representatives to work out their differences, after he failed to win the speaker’s gavel. The House adjourned after three rounds of voting amid a revolt from conservative Republicans about the direction of the party. Photo: Michael Brochstein/Zuma Press
Amazon has become the third-biggest digital advertising company behind Google and Facebook, hitting $31 billion in ad revenue in 2021. Under CEO Andy Jassy, Amazon is shaking up its ad business to attract TV ad dollars, especially from advertisers that don't sell their products on its platform. Here's the latest on Amazon's moves to expand its advertising business and the growing competition. Amazon's ad business is big and growingAdvertising is a tiny sliver of Amazon's business, but it's one of the company's fastest-growing areas. Amazon's ad business is booming.
The Trump campaign did not respond to Insider's questions about the possible legal challenges ahead for the president and his team. Justice Department investigation 'plausible'Could Trump's own Justice Department, at this moment, be criminally investigating the Trump reelection campaign? And that means officials there would "likely be avoiding public investigative steps" even if they were examining Trump campaign activity, Petalas said. Separately, Insider in mid-July reported that the Trump campaign was conducting an internal review of campaign spending irregularities overseen by Parscale. "If I was President Trump, that's what I would be worried about."
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