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[1/14] A voter waits in line to cast their ballot during the midterm elections, in McAllen, Texas, U.S., November 8, 2022. REUTERS/Callaghan O'HarePHOENIX, Ariz./BIRMINGHAM, Mich., Nov 8 (Reuters) - Republicans were favored to wrest control of the U.S. House of Representatives away from President Joe Biden's Democrats based on early returns in Tuesday's midterm elections, though the prospects of a "red wave" appeared to have dimmed. But importantly, that number can change as close to 200 of the 435 House races had yet to be called, including some with vulnerable Republican incumbents. But even a narrow Republican House majority would be able to block Biden's priorities while launching politically damaging investigations into his administration and family. (Live election results from around the country are here.)
Democratic Rep. Abigail Spanberger narrowly held onto her seat in Virginia on Tuesday, defeating Republican Yesli Vega in a contest both parties saw as an early bellwether in the battle for the House. NBC News has not yet projected the outcome in a second closely watched Virginia race, where Democratic Rep. Elaine Luria was battling Republican state Sen. Jen Kiggans. But the political survival of Spanberger, a prominent player among the small band of moderate Blue Dog Democrats, counted as a welcome burst of good news for Democrats relatively early on election night. She made waves after the 2020 election when she blamed her party’s left flank for losses in the House, arguing that calls to “defund” law enforcement cost seats. Vega, a member of the Prince William board of county supervisors, served as a police officer before entering politics.
In the House, Republicans have 212 members and need to add six to guarantee a majority. Here’s a guide to some of the competitive races in which polls close early, which election forecasters say will carry a larger significance in reading the direction of the political environment. Virginia's three crystal ballsThe fates of three House Democrats first elected in the 2018 blue wave will tell a bigger story when Virginia’s polls close at 7 p.m. And in Florida, where polls close at at 7 p.m. Red wave sirensNew Hampshire is one of the earliest competitive Senate contests where polls close at 8 p.m.
Democratic Rep. Elaine Luria faces off against Republican Jen Kiggans in Virginia's 2nd Congressional District. Kiggans, a state senator, is running in a redrawn district that is more favorable to Republicans. VA-02VA-07 HouseDemocratic incumbent Elaine Luria is seeking her third term against Republican state Sen. Jennifer Kiggans in Virginia's 2nd Congressional District. 2022 General EmbedsVirginia 2nd Congressional District candidatesLuria, a Navy veteran, is the prototype candidate Democrats ran in 2018 to harness anti-Trump outrage. Voting history for Virginia's 2nd Congressional DistrictKiggans is running in a coastal Virginia district that should favor conservatives more than in the past.
For today's newsletter, I caught up with some finance pros over the weekend to get a sense of what we can learn from last week's earnings disappointments. Tech earnings were a huge disappointment and analysts don't see much relief on the horizon. "The common thread between the mega cap tech earnings reports this week is the companies' unwillingness to cut costs aggressively ahead of an economic slowdown, in spite of investor expectations," he said. What was your biggest takeaway from last week's Big Tech earnings? On the company's earnings call, its CFO said the surging dollar has cost Amazon more than $900 million more than expected.
One year and billions of dollars later, the so-called metaverse still feels years away, if it ever manifests at all. And Meta’s flagship social VR app Horizon Worlds can feel like a ghost town (albeit a ghost town with laser tag). Meta’s latest headset, the Quest Pro, is its first effort at combining the immersiveness of VR with the real world. The VR headset market is still tiny compared to, say, an established gadget market like console video games. A visitor to the 2022 Tokyo Game Show tests the Meta Quest 2 VR headset.
Tech heavyweights like Meta, Amazon, and Microsoft flopped this past week, while Apple reported mixed results. Experts explain the obstacles in front of Big Tech, and what the takeaways from earnings are. Apple proved to be the lone strong point among Big Tech stocks. Weakness in digital advertisingAs the broader economy slows down thanks to the Federal Reserve's interest rate hikes, tech companies have faced a softening in advertising revenue. Big Tech spendingMeta, Alphabet, Microsoft and Amazon reported deceleration in key business lines, but all four insisted they will continue to invest despite the slowdown, Gil Luria, technology strategist at D.A.
Already fighting from behind, Democrats' chances of keeping the House have slipped further in the last month. In a letter to Democratic colleagues on Thursday, House Speaker Nancy Pelosi called on House members to make a point of defending their record on crime. Republican groups including Citizens for Sanity, headed by former aides to Trump, poured money in recent weeks into ads criticizing Democrats as weak on crime and illegal immigration. In a Reuters/Ipsos poll released Tuesday, respondents were twice as likely to list crime, rather than abortion rights, as the country's biggest problem. Shield PAC, a Third Way-affiliated political action committee, launched ads on Monday promoting the law enforcement records of Virginia's Elaine Luria and Minnesota's Angie Craig, both endangered Democrats.
Democratic Rep. Elaine Luria faces off against Republican Jen Kiggans in Virginia's 2nd Congressional District. Kiggans, a state senator, is running in a redrawn district that is more favorable to Republicans. Virginia 2nd Congressional District candidatesLuria, a Navy veteran, is the prototype candidate Democrats ran in 2018 to harness anti-Trump outrage. Voting history for Virginia's 2nd Congressional DistrictKiggans is running in a coastal Virginia district that should favor conservatives more than in the past. Her opponent, Kiggans, has raised $2.7 million, spent $2.3 million, and has $436,622 remaining, as of September 30.
Investing in China's technology giants may seem like a risky move to some investors, but one analyst says valuations are "extremely cheap" and China tech buys are an obvious choice now. Tencent and Alibaba are "extremely strong companies," according to Anand Batepati, portfolio manager at GFM Focus Investing. "Unless you think that the government or some external force is going to destroy 90% of their existing business, then I think it's a no brainer" to buy these stocks, he told CNBC's "Street Signs Asia" on Tuesday. However, Gil Luria, technology strategist at D.A. Investors should avoid Chinese big tech stocks because their overseas expansion could be affected as the country is headed toward an "isolationist path," Luria said.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCNBC full interview with Anand Batepati and Gil Luria on their bull-or-bear case for China big techAnand Batepati, portfolio manager at GFM Focus Investing, and Gil Luria, technology strategist at D.A. Davidson, weigh in on whether investors should buy or avoid Chinese big tech stocks.
Share this -Link copiedCommittee votes to subpoena Trump The committee voted on Thursday unanimously to subpoena Trump. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress. "Even before the networks called the race for President Biden on Nov. 7th, his chances of pulling out a victory were virtually nonexistent, and President Trump knew it," Kinzinger said. “At times, President Trump acknowledged the reality of his loss. “What did President Trump know?
That's based on a Secret Service email from 9:09 a.m. "The head of the President’s Secret Service protective detail, Robert Engel, was specifically aware of the large crowds outside the magnetometers," Schiff said. A Secret Service report at 7:58 a.m. said, "Some members of the crowd are wearing ballistic helmets, body armor carrying radio equipment and military grade backpacks." On Dec. 26, a Secret Service field office relayed a tip that had been received by the FBI, Schiff said. Trump would not be the first president to be subpoenaed, nor would he be the first former president subpoenaed by Congress.
The rush to flash pro-cop credentials shows that Democrats anticipated a fresh wave of Republican attacks on crime and policing that are landing in House, Senate and state-level races. During the 2020 election, then-President Donald Trump warned voters that Democrats would be soft on crime and endanger communities. His aides said that the line of attack motivated base Republican voters and helped swing voters — particularly Latino voters in Florida and Texas — in the GOP’s direction. But some Democrats have decided the best answer this year is silence: Polls show crime just isn't a good issue for their party. Many Democratic candidates continue to focus on policy areas where more voters trust Democrats than Republicans to do a better job, including abortion, education and protecting democracy.
CALIFORNIA'S 22ND DISTRICTRepublican Representative David Valadao was one of only 10 House Republicans who voted to impeach Trump in his second trial. He is now facing a tough challenge from Democratic state representative Rudy Salas in a Central Valley district that has been redrawn substantially since the last election. She will face Amanda Adkins, a former chair of the state Republican Party. McLeod-Skinner faces Republican Lori Chavez-DeRemer, a former mayor of Happy Valley, a Portland suburb. Fung has heavily focused his campaign on inflation, while Magaziner argues that Fung would enable the far right House Republicans' agenda.
Ron DeSantis overpowered his own Legislature to pass a map that adds an additional four GOP seats. Nationally, Republicans are likely to net three to four House seats from new maps alone — most of the five seats they need to regain the majority. There are 36 House Democrats not running for re-election, mostly because many opted to retire rather than risk serving in the wilderness of the minority. And there’s state Sen. Jen Kiggans, a nurse practitioner and former Navy pilot challenging Democratic Rep. Elaine Luria in Virginia Beach. MAGA primary takeoversIn a handful of races, Republicans have nominated hardcore pro-Trump candidates who could jeopardize their ability to win swing seats.
Amid disorganization on the ship during an extensive overhaul, Crisostomo said she was constantly berated for things out of her control. On April 15, Master-at-Arms Seaman Recruit Xavier Hunter Sandor died by suicide onboard the George Washington, according to the Navy and the state chief medical examiner’s office. The USS George Washington during its mission in the eastern Mediterranean Sea in 2017. The Navy has directed leaders on the ship to identify sailors who could benefit from morale and personal well-being programs, Myers said. But she said the root of the problem is not the shipyard, or the ship itself, but “toxic leadership” on the George Washington.
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