Media Today

[Rick Plant]

New details emerge after FBI raid of Trump’s Mar-a-Lago | WNT

Former President Donald Trump’s Mar-a-Lago estate was raided by the FBI and sources told ABC News the search was related to allegations Trump improperly removed documents from the White House.

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[Rick Plant]

Trump Desperate After Mar-a-Lago Home Raided by FBI

The Tonight Show Starring Jimmy Fallon

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[Rick Plant]

President Biden signs PACT Act to aid troops exposed to burn pits in Iraq, Afghanistan | WNT

The legislation will expand the Department of Veterans Affairs and provide health care support to millions of veterans, as well as their families and caretakers, who were exposed to toxic burn pits.

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[Rick Plant]

Stocks soar, S&P 500 hits highest level in three months after key report shows slowdown in inflation

Stocks rose sharply on Wednesday after a key inflation reading showed a better-than-expected slowdown for rising prices.

The Dow Jones Industrial Average jumped 535.10 points, or 1.63%, to close at 33,309.51. The S&P 500 gained 2.13% to 4,210.24, its highest level since early May. The Nasdaq Composite rose 2.89% to 12,854.80 for its best close since late April.

The headline consumer price index for July rose 8.5% year over year and was flat compared with June. Economists surveyed by Dow Jones were expecting increases of 8.7% and 0.2%, respectively.

Core inflation, which strips out volatile food and energy prices, also saw a smaller-than-expected increase.

The Federal Reserve will weigh the report, along with other key economic data, ahead of its September meeting, where it is slated to hike interest rates again.

“The deceleration in the Consumer Price Index for July is likely a big relief for the Federal Reserve, especially since the Fed insisted that inflation was transitory, which was incorrect. ... If we continue to see declining inflation prints, the Federal Reserve may start to slow the pace of monetary tightening,” said Nancy Davis, founder of Quadratic Capital Management.

Major tech stocks outpaced the broader market on Wednesday, with Facebook parent Meta rising 5.8% and Netflix gaining more than 6%. Salesforce was one of the best performers in the Dow, climbing 3.5%.

Stocks close near highs of the session

The major averages closed near their session highs, with the Dow up 535 points, or 1.6%. The S&P 500 gained 2.1% and the Nasdaq Composite rose 2.9%.

The small-cap Russell 2000 soared nearly 3%.

https://www.cnbc.com/2022/08/09/stock-futures-tick-up-as-investors-brace-for-july-inflation-report-.html

[Rick Plant]

FBI were looking for ‘classified nuclear documents’ during search of Trump’s Mar-a-Lago home, report says

Government officials were reportedly concerned information was ‘potentially in danger of falling into the wrong hands’

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https://www.independent.co.uk/news/world/americas/us-politics/trump-fbi-search-nuclear-documents-b2143554.html

[Rick Plant]

Attorney General Merrick Garland Delivers Remarks From Justice Dept. | NBC News

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[Rick Plant]

Trump search: Unsealed search warrant suggests ex-president being investigated under Espionage Act

A copy of the warrant obtained by The Independent shows former president is under investigation for violations of three US laws, including the Espionage Act

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https://www.independent.co.uk/news/world/americas/us-politics/trump-fbi-search-documents-mar-a-lago-b2144170.html