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☆ Four takeaways from Biden's State of the Union speech
▼ + stars: | 2023-02-08 | by ( Trevor Hunnicutt | ) www.reuters.com time to read: +3 min

While Democrats were quick to rise in applause, Republicans applauded only sporadically, and remained silent when Biden listed his administration's accomplishments. Several Republican lawmakers remained seated throughout. "Social Security and Medicare are a lifeline for millions of seniors. We will not cut Social Security!" Murphy, a Democratic ally of the president, called the speech "the best the president has ever been" and touted Biden's "metaphysical connection" to the viewing public.

☆ Investors' reactions to Biden's State of the Union speech
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +2 min

SINGAPORE, Feb 8 (Reuters) - Following are reactions from analysts and investors to U.S. President Joe Biden's State of the Union speech on Tuesday, in which he challenged Republicans to lift the debt ceiling and support tax policies that are friendlier to middle class Americans. DAMIEN BOEY, CHIEF MACRO STRATEGIST, BARRENJOEY, SYDNEY"The most important caveat is that you gotta pass this gridlock that is at the house and the senate. "That is particularly topical because you're going to hit the debt ceiling when you get to August. "So Biden's whole pitch is about inflation coming down, but it is not my problem because it is here before I got here. Biden should be clearer about how they are going to develop the supply chain away from China.

WASHINGTON, Feb 7 (Reuters) - President Joe Biden pledged to work with the opposition party on Tuesday in a State of the Union speech that served as an olive branch to skeptical Republicans and a blueprint for his 2024 re-election bid. The White House has said Biden will not negotiate over that necessity; Republicans want spending cuts in exchange for their support. McCarthy said earlier on Tuesday that he would not rip up Biden's speech, referencing the actions of former Speaker Nancy Pelosi after Trump's 2020 State of the Union address. He said he urged Biden not to use the phrase "extreme MAGA Republicans" in his speech, a reference to Trump's "Make America Great Again" slogan. Some House Republican lawmakers have questioned Biden's victory in the 2020 presidential race against Trump, vowing to investigate his Cabinet and family.

"To my Republican friends, if we could work together in the last Congress, there is no reason we can’t work together in this new Congress," Biden, a Democrat, will say, according to excerpts of the speech released by the White House before the speech scheduled for 9 p.m. One test of that challenge will be the White House push to raise the $31.4 trillion debt ceiling, which must be lifted in the coming months to avoid a default. The White House has said Biden will not negotiate over that necessity; Republicans want spending cuts in exchange for their support. He said he urged Biden not to use the phrase "extreme MAGA Republicans" in his speech, a reference to Trump's "Make America Great Again" slogan. Some House Republican lawmakers have questioned Biden's victory in the 2020 presidential race against Trump, vowing to investigate his Cabinet and family.

☆ Morning Bid: Powell confesses 'This time it's different'
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +5 min

Any fear of a radical Fed rethink on the back of the jobs numbers seemed wide of the mark. "This cycle is different from other cycles...it has just confounded all sorts of attempts to predict," Powell admitted. And many think last week's jobs report should similarly be treated with care. They included a minimum tax for billionaires and a quadrupling of the tax on corporate stock buybacks. Brands, Eaton Corp, etcUS terminal rateReuters GraphicsReuters GraphicsReuters GraphicsBy Mike Dolan, Editing by Raissa Kasolowsky <a href="mailto:mike.dolan@thomsonreuters.com" target="_blank">mike.dolan@thomsonreuters.com</a>.

☆ A style expert said Kyrsten Sinema's yellow dress at the State of the Union 'reflects her independent spirit,' but that it 'missed the mark'
▼ + stars: | 2023-02-08 | by ( Rebecca Cohen | ) www.businessinsider.com time to read: +2 min

A style expert said Kyrsten Sinema's yellow State of the Union dress "missed the mark." She said the dress could have been "jarring" to members of Congress who are used to "sameness." "Her dress missed the mark and appeared ill-fitting," Lauren Rothberg, an image consultant, author of "Style Bible," and founder of fashion firm Styleauteur, said. Rothberg told Insider she thinks Sinema's dress made the Senator — who recently stepped away from the Democratic party and now identifies as an Independent — feel "unstoppable," adding that she was "definitely seen last night." Chip Somodevilla/Getty Images"The bright, saturated yellow reflects her independent spirit — and party," Rothberg said, adding that she admires Sinema for making a "bold statement."

Embattled Rep. George Santos grabbed a premier center aisle seat ahead of President Joe Biden's State of the Union Address. Seated beside Republican Rep. Thomas Massie of Kentucky, Santos soon discovered that not everyone — including some Republicans — was interested in seeing him. Santos sat just in front of Republican Rep. Tim Burchett of Tennessee and behind Rep. Trent Kelly of Mississippi. Seats are reserved for senators as a group in the front of the chamber and House members sit behind them. House members can claim preferred spots during the day but they have to camp out there to reserve them for the entirety of the speech.

☆ Jim Cramer's top 10 things to watch in the stock market Wednesday: Biden address, video games, Uber earnings
▼ + stars: | 2023-02-08 | by ( Jim Cramer | ) www.cnbc.com time to read: +4 min

Alphabet (GOOGL), also a Club stock, unveiled AI chatbot, rival Bard. Earnings guidance 52 cents per share to 56 cents versus prior guidance 44 cents per share to 48 cents. 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.

☆ State of the Union takeaways: Biden comes out swinging in a raucous, combative speech despite pleas for bipartisanship
▼ + stars: | 2023-02-08 | by ( Kimberly Leonard | ) www.businessinsider.com time to read: +6 min

The speech marks Biden's first address to the new Republican-controlled House. Before diving into the list of bipartisan accomplishments, though, Biden began by congratulating House Speaker Kevin McCarthy and Senate Majority Leader Mitch McConnell. In a symbolic appeal to bipartisanship, First Lady Jill Biden wore purple — the color that results from combining blue and red. Meanwhile, former President Donald Trump shared his thoughts about Biden's speech on his social media platform, Truth Social. In addition to attacking Republicans on Social Security and Medicare cuts, Biden opened up several other lines of attack.

☆ Three takeaways from Biden's State of the Union speech
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +3 min

Arkansas Governor Sarah Huckabee Sanders, who once served as press secretary for Trump, rejected Biden's speech in a response prepared beforehand. "Social Security and Medicare are a lifeline for millions of seniors. ATTACK ON BIG COMPANIESBiden used a large segment of his ostensibly bipartisan pitch attacking corporations, from what he called "Big Pharma" to "Big Oil" and "Big Tech." Biden accused the pharmaceutical companies of charging too much for insulin but made no mention of their role in tamping down the COVID-19 pandemic. He accused tech companies of running a for-profit "experiment" on children, said oil companies were making too much money and made a case for higher taxes on billionaires.

☆ The 'Chosen One' fulfils destiny as James claims scoring record
▼ + stars: | 2023-02-08 | by ( Steve Keating | ) www.reuters.com time to read: +6 min

[1/3] Feb 7, 2023; Los Angeles, California, USA; Los Angeles Lakers forward LeBron James (6) celebrates after breaking the all-time scoring record in the third quarter against the Oklahoma City Thunder at Crypto.com Arena. For almost four decades fellow Lakers great Abdul-Jabbar had owned the mark and watched as James climbed the scoring table. The Chosen One, now widely referred to as "King James," finished the night with 38 points, bringing his career total to 38,390. The scoring record adds new fuel to the debate over who is the greatest basketball player ever, James or Jordan. "Me personally, I'm going to take myself against anybody that has ever played this game," said James after setting the record.

☆ Markets have been looking for a 'thawing' in U.S.-China relations, says JPMorgan
▼ + stars: | 2023-02-08 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets have been looking for a 'thawing' in U.S.-China relations, says JPMorganJames Sullivan of JPMorgan, Dan Pickering of Pickering Energy Partners, and Brian Arcese of Foord Asset Management discuss U.S. President Joe Biden's State of the Union Address.

☆ Romney tells embattled Republican George Santos he 'shouldn't be in Congress'
▼ + stars: | 2023-02-08 | by ( ) www.reuters.com time to read: +1 min

Senator Mitt Romney (R-UT) speaks with reporters at the U.S. Capitol in Washington, U.S., September 6, 2022. Senator Mitt Romney told embattled fellow Republican Representative George Santos on Tuesday that should not be in Congress and shouldn't have taken a central seat at President Joe Biden's State of the Union address. "He shouldn't be in Congress and they're going to go through the process and hopefully get him out," Romney told reporters after the speech. "But he shouldn't be there and if he had any shame at all he wouldn't be there." Romney said he had told Santos as much.

[1/2] U.S. President Joe Biden's State of the Union Address to a joint session of Congress is broadcasted to a television set up in a hallway at Capitol Hill in Washington, U.S., February 7, 2023. REUTERS/Amanda Andrade-RhoadesFeb 8 (Reuters) - An estimated 23.4 million people watched U.S. President Joe Biden's State of the Union speech on the biggest TV networks Tuesday, according to early ratings figures from Nielsen and shared with Reuters by Fox News and NBCUniversal, down from total viewership last year. The early figure includes viewership on the biggest U.S. broadcast and cable networks, including Fox News, CNN, ABC News and NBC News. Biden's early audience figure came in below the final ratings total for former President Donald Trump's first State of the Union speech in 2018, which attracted close to 46 million people. Nielsen is expected to provide final ratings data later on Wednesday, which will include viewership across smaller networks.

☆ 1870 pin meaning: What the buttons and crayon lapel pins Congress wore to the State of the Union stand for
▼ + stars: | 2023-02-08 | by ( Taiyler Simone Mitchell | ) www.businessinsider.com time to read: +3 min

President Joe Biden gave his second State of the Union address on Tuesday. Two pins — one that reads '1870' in white text atop a round black pin and various colored crayon-shaped pins with the Crayola logo — have garnered attention. 1870 PinRep. Ilhan Omar, D-Minn., conducts a television interview before President Joe Biden's State of the Union address in the U.S. Capitol on Tuesday, February 7, 2023. "153 years after the murder of Henry Truman, the Black community is still waiting for justice," Rep. Watson Coleman said. Crayola Crayon PinA lawmaker wears a pin of a white Crayola crayon during the State of the Union address in the House Chamber of the US Capitol in Washington, DC, on February 7, 2023.

Following are some of the guests expected to attend:* Brandon Tsay: Tsay was called a hero by authorities for disarming a gunman who shot dead 11 people during a celebration of the Lunar New Year in Monterey Park, California. The White House called it a "recognition of sustained U.S. support for Ukraine nearly a year after Russia launched its unprovoked attack." * The White House has also invited Paul Pelosi, husband of former U.S. House Speaker Nancy Pelosi. "The attack reportedly was politically motivated, with the intruder's alleged intent to harm and kidnap the former Speaker," the White House said. The United States completed the withdrawal of its forces from Afghanistan in August 2021 after a 20-year war.

WASHINGTON, Feb 7 (Reuters) - U.S. President Joe Biden will declare U.S democracy is bruised but "unbowed and unbroken" on Tuesday in a State of the Union speech that will serve as an olive branch to skeptical Republicans and a blueprint for his 2024 re-election bid. "To my Republican friends, if we could work together in the last Congress, there is no reason we can’t work together in this new Congress," Biden, a Democrat, will say, according to excerpts of the speech released by the White House ahead of the speech scheduled for 9 p.m. Biden's public approval rating edged one percentage point higher to 41% in a Reuters/Ipsos opinion poll that closed on Sunday. McCarthy said on Tuesday that he would not rip up Biden's speech, referencing to the actions of former Speaker Nancy Pelosi after former President Donald Trump's 2020 State of the Union address. He said he urged Biden not to use the phrase "extreme MAGA Republicans" in his speech, a reference to Trump's "Make America Great Again" slogan.

Biden's public approval rating edged one percentage point higher to 41% in a Reuters/Ipsos poll that closed on Sunday. In the speech, Biden will hail the resilience and strength of the U.S. economy, which saw unemployment drop to a nearly 54-year low in January, while pledging continued efforts to lower inflation and protect Social Security and other benefits. [1/3] The U.S. Capitol building is seen on the day of U.S. President Joe Biden's State of the Union Address to a joint session of Congress on Capitol Hill in Washington, U.S., February 7, 2023. He will push Congress to require background checks for all gun sales and ban assault weapons, the White House said, although the prospects for passage remain slim. McCarthy said on Tuesday that he won't rip up Biden's speech, referencing the actions of former Speaker Nancy Pelosi after former President Trump's 2020 State of the Union address.

WASHINGTON, Feb 7 (Reuters) - U.S. President Joe Biden will face Republicans who question his legitimacy and a public concerned about the country's direction in Tuesday's State of the Union speech that is expected to serve as a blueprint for a 2024 re-election bid. Biden's public approval rating edged one percentage point higher to 41% in a Reuters/Ipsos poll that closed on Sunday. Reforms in policing will loom large in Biden's speech after the death of Tyre Nichols, a Black man fatally beaten by officers in Memphis, Tennessee last month, with his mother and stepfather to be guests of first lady Jill Biden. He will also run through a wish list of economic proposals, many of which are unlikely to be passed through Congress, the White House said. [1/3] The U.S. Capitol building is seen on the day of U.S. President Joe Biden's State of the Union Address to a joint session of Congress on Capitol Hill in Washington, U.S., February 7, 2023.

REUTERS/Elizabeth FrantzWASHINGTON, Feb 7 (Reuters) - U.S. President Joe Biden will face Republicans who question his legitimacy and a public concerned about the country's direction in Tuesday's State of the Union speech that is expected to serve as a blueprint for a 2024 re-election bid. Biden would urge lawmakers to "build on these historic bipartisan achievements" to improve the lives of Americans, Christen Linke Young, deputy assistant to Biden for health and veterans affairs, told reporters. He will also run through a wish list of economic proposals, many of which are unlikely to be passed through Congress, the White House said. They include a minimum tax for billionaires, and a quadrupling of the tax on corporate stock buybacks. Speaker Kevin McCarthy will sit behind Biden for the address for the first time.

☆ Sell-off fizzles out ahead of Fed, ECB and BoE speeches
▼ + stars: | 2023-02-07 | by ( Marc Jones | ) www.reuters.com time to read: +4 min

[1/2] The Federal Reserve building is seen in Washington, U.S., January 26, 2022. Then comes Federal Reserve Chairman Jerome Powell at the Economic Club of Washington during U.S. trading plus U.S. President Joe Biden's State of the Union address. DEADLY QUAKEAmong the main commodities, oil jumped for a second straight session driven by optimism about recovering demand in China, and after Monday's devastating earthquake in Turkey had shut down one of the region's major oil export terminals. "Equities have had a strong run since the start of the year so seeing an air pocket emerge now is no major surprise." Additional reporting by Scoot Murdoch in Sydney; Editing by Simon Cameron-Moore and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

☆ Biden and the Democrats have failed you: Arkansas Gov. Sarah Huckabee Sanders
▼ + stars: | 2023-02-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden and the Democrats have failed you: Arkansas Gov. Sarah Huckabee SandersArkansas Governor Sarah Huckabee Sanders delivers the Republican response to President Joe Biden's State of the Union speech.

☆ Stock futures are little changed as traders assess Fed Chair Powell's inflation remarks
▼ + stars: | 2023-02-07 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on January 26, 2023 in New York City. U.S. stock futures were little changed on Tuesday night. Dow Jones Industrial Average futures fell by 44 points, or 0.13%. Chipotle shares fell more than 4% after missing expectations on the top and bottom lines in its latest results. Meanwhile, cybersecurity stock Fortinet jumped more than 15% after topping earnings per share estimates.

☆ McCarthy warns Republicans not to misbehave at State of the Union, promises no 'childish games' like Pelosi's infamous speech tearing moment
▼ + stars: | 2023-02-07 | by ( Oma Seddiq | Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

McCarthy swiped at Pelosi ahead of Biden's state of the union address on Tuesday. "We're not going to do childish games tearing up a speech," he told CNN. Pelosi infamously ripped up a copy of Trump's speech after his 2020 SOTU address. Pelosi made headlines when she ripped up a copy of Trump's speech after he delivered his third state of the union address three years ago. McCarthy, the newly elected House speaker, will take Pelosi's previous seat on the platform behind Biden during his address on Tuesday night.

☆ U.S. Justice Dept. to review Memphis police after Tyre Nichols' killing
▼ + stars: | 2023-02-05 | by ( Kanishka Singh | ) www.reuters.com time to read: +2 min

WASHINGTON, Feb 5 (Reuters) - The U.S. Justice Department will participate in a review of the Memphis Police Department after the death of Tyre Nichols, a 29-year-old Black man fatally beaten by officers in the Tennessee city last month, according to city officials. The review was disclosed in a bulletin by Memphis Mayor Jim Strickland. The Justice Department did not immediately respond to a request for comment on Sunday. Memphis police on Friday fired a sixth officer involved in the death of Nichols. The Justice Department's Office of Community Oriented Policing Services will take part in the review, the city said.

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