Trump's Win Marks a New Era for AI Stocks

With Donald Trump back in the Oval Office, Louis Navellier says the next wave of AI winners is already taking shape. Discover which stocks could benefit from his first moves.

Speaker Johnson lays out agenda for Republicans as they fight to hold House majority

KEVIN FREKING
October 01, 2024

WASHINGTON (AP) -- Speaker Mike Johnson laid out on Tuesday a policy agenda should Republicans take the majority next year that extends the tax cuts approved when Donald Trump was president, reduces the size of the federal workforce and gives parents more choice on where they can send their children to school.

Johnson emphasized five main policy points during a speech at the New York Stock Exchange. He talked of extending and building on the Trump tax cuts, confronting China, boosting oil and gas production, expanding school choice and cutting the size and scope of the federal government.

"The survival of the American dream depends upon our victory," Johnson said.

The speaker and House Republicans are fighting this election season to hold their narrow House majority, with just a handful of seats to spare. Republicans are hopeful that a Trump victory over Vice President Kamala Harris in the election will help propel them to majorities in the House and Senate, which would give them unified control of Washington for the first time since 2018 and the ability to enact a sweeping legislative agenda.

Against the campaign backdrop, Johnson provided a bleak view of the economy under President Joe Biden, though the economy continues to grow at a solid pace, inflation is on the decline and the unemployment rate is still low by historical standards. He spoke to an audience of Wall Street investors, traders and others who have witnessed stock markets reach record highs in recent days.

But Johnson said that as he has traveled the country, he's meeting business owners on the verge of collapse because of high inflation, high taxes and over-regulation. And he said he's met moms and dads who have resorted to donating plasma and setting up crowdfunding pages so that they didn't lose their homes.

"Our incredible people are hanging on right now in spite of so many unprecedented challenges, but many can't afford to do it much longer," Johnson said.

The first policy priority he outlined was enhanced tax breaks, citing specifically immediate expensing for research and development costs. He also cited the need for a "strong" child tax credit, though he did not provide specific numbers. He said the Republican tax policies would "respect the dignity of work, and it doesn't pay people more for staying out of the workforce."

Trump has laid out a series of tax cuts on the campaign trail, such as extending the expiring provisions of his 2017 overhaul, and not taxing tips and Social Security. Outside experts say the tax cuts proposed by Trump and Democratic nominee Kamala Harris would cause the debt to rise even faster the pace under current law.

Doing more to confront China and rolling back environmental regulations are a common denominator for Republicans that Johnson embraced in his speech. On education, he said millions of Americans have the opportunity to send their children to a school that best fits their need, and "Republicans want to expand that choice so that every American has that opportunity."

Johnson also emphasized cutting the debt by cutting the size of the federal government, saying "we're going to reduce the size of the federal workforce and root out a long list of non-essential jobs through the federal bureaucracy."

"It's hard to roll back the entrenched bureaucracy and face the system that has produced the decline. It's a difficult task, but it's a task that can be achieved," Johnson said.

Continue Reading...

Popular

Elon Musk's Mother Does Harris Impression During TV Appearance

Maye Musk, mother of Elon Musk, has sparked a flurry of reactions following her controversial imitation of Kamala Harris on Fox Business.

Edmunds: These are the best lightly used hybrid cars, SUVs and trucks

What if you can’t afford to buy a new car? Consider buying a used one. A lightly used hybrid can save you thousands of dollars compared to an equivalent new one and be a trustworthy vehicle for many years to come.

[Breaking] Classified Wargames Reveal Grave Threat From China - Ad

In multiple wargames, U.S. forces were overwhelmed and unable to stop Chinese amphibious assaults from seizing the island. With tensions at a boiling point, the economic fallout could be devastating. Get the details on the weapons makers set to boom if war breaks out.

One Tech Tip: How to prepare your online accounts in case you die

LONDON (AP) — Most people have accumulated a pile of data — selfies, emails, videos and more — on their social media and digital accounts over their lifetimes. What happens to it when we die?

Michael Wolff On Donald Trump-Jeffrey Epstein Relationship

Michael Wolff has brought to light a series of claims about the relationship between Donald Trump and Jeffrey Epstein.

Why Trump's Victory Could Fuel the Next AI Surge - Ad

Louis Navellier, tech investor and market veteran, believes Trump's return will drive a second AI boom. Get the top six stocks he recommends before they skyrocket.

Retrial of military contractor accused of complicity at Abu Ghraib soon to reach jury

ALEXANDRIA, Va. (AP) — A jury could begin deliberations as soon as Thursday on whether a Virginia-based military contractor bears responsibility for the abuse of detainees 20 years ago at Iraq's infamous Abu Ghraib prison.

Taiwan wants to join the IMF to get financial protection from China

WASHINGTON (AP) — Taiwan, a major economy the size of Poland but absent from global organizations, is making a longshot push to join the International Monetary Fund, the 190-country organization that offers members emergency loans and other financial assistance.

Shocking Footage from Bill Gates' $100 Billion AI Project - Ad

Jeff Brown flew to Wisconsin to witness Bill Gates' $100 billion AI project firsthand. What he uncovered will blow your mind!

Will people leave Florida after devastating hurricanes? History suggests not

ORLANDO, Fla. (AP) — The news rippled through Treasure Island, Florida, almost like a third storm: The mayor planned to move off the barrier island a month after flooded tens of thousands of homes along the Gulf Coast and two weeks after also ravaged the state.

Microsoft Goes Nuclear -- All for AI - Ad

Tech billionaires like Bill Gates, Sam Altman, and Jeff Bezos have already poured over $3 BILLION into Small Modular Reactors (SMRs). Here's the key..a small company that holds a monopoly on the essential tech required to power SMRs, and already has a partnership with the U.S. Department of Energy.

AST SpaceMobile Stock Is Rising After Hours: What's Going On?

AST SpaceMobile shares are trading higher in after hours Wednesday after the company announces it secured an initial contract with the Space Development Agency as a prime government contractor.

Trump Has Asked Me To Do 3 Things, Says Robert Kennedy Jr.

Robert Kennedy Jr. revealed Trump's directive to tackle health agency corruption, promote science, and end chronic disease.

What Trump 2025 Means for Military Stocks - Ad

A recently tested new superweapon could defeat China and restore our nation's global dominance... And I predict it could send 5 military stocks soaring. But it gets much bigger... This one controversial move by President Trump could make this wealth-building opportunity bigger. You will not want to miss out this time.

A promising schizophrenia drug showed mixed results. What does that mean for patients?

Some people who took a new schizophrenia drug for a year improved with only a few side effects, but many dropped out of the research, the company announced Thursday.

Elon Musk: "AI Will Run Out of Electricity ... in 2025" - Ad

This AI boom is going to push America's power grid to the brink... Elon Musk even recently said that AI could run out of electricity by 2025. This crisis may just reveal one of the greatest investment ideas we are ever going to find. My research has recently uncovered two companies that could make a massive difference today.

Michelle Obama Criticizes Trump At Michigan Harris Rally: 'Why On Earth Is This Race Even Close?'

Michelle Obama stepped onto the campaign trail in Michigan, expressing her support for Kamala Harris and blasting former President Donald Trump.

Is This Trump's Favorite Coin? - Ad

Donald Trump's presidency could be a massive boost to the price of Bitcoin. In fact, I believe it could reach $150,000. Despite talking up crypto on the campaign trail... He hasn't said a word about this special coin. This coin could be the centerpiece of Trump's crypto plans.

Trump: Harris Presidency Would 'Guarantee' World War III

Donald Trump said Saturday that the election of Kamala Harris to the presidency could trigger World War III.

Cathie Wood Bets Big On Mark Zuckerberg: Ark Pours $19M Into Meta Shares, Dumps Palantir And Tesla Stock

On Thursday, the Cathie Wood-led Ark Invest made significant moves in the market, with prominent trades involving Tesla Inc. (NASDAQ:TSLA), Meta Platforms Inc.

Proof Gold Could Hit $3K in 2025 - Ad

Stansberry Research just released a brand-new warning for what they believe will happen to gold in 2025. Even the most prepared Americans - including many retirees - could be blindsided by what's about to happen.

LA County sues Pepsi, Coca-Cola over plastic bottles

LOS ANGELES (AP) — Los Angeles County is taking on Pepsi and Coke for their role in plastic pollution.

Devon Energy Q3 Earnings: EPS Beat, Production Forecast Raise And More

Devon Energy Corp (NYSE:DVN) reported financial results for the third quarter after the bell on Tuesday. Here's a look at the key metrics from the quarter.

Wall Street Insider Issues Crash Prediction - Ad

As AI stocks stumble/swing, Whitney Tilson just went on camera once again with his latest crash warning. If you have money in a single stock right now -- especially a tech stock -- you need to see what he's calling for today.

About 1,100 workers at Toledo, Ohio, Jeep plant face layoffs as company tries to reduce inventory

DETROIT (AP) — About 1,100 workers at the Stellantis Jeep factory in Toledo, Ohio, are facing layoffs early next year as the company takes further steps to cut high inventory at dealerships.

Colorado teen fights kidney failure after eating McDonald's Quarter Pounders

A 15-year-old high school freshman is hospitalized with severe complications of food poisoning after eating McDonald’s Quarter Pounder hamburgers three times in the weeks before was detected.

He Called Nvidia at 80 Cents. Here's His Next AI Pick... - Ad

As a Silicon Valley insider, Michael Robinson's uncovered an even bigger story than AI... A mysterious investment that could be the savior of the tech industry. Big Tech executives -- including Sam Altman, Bill Gates and Mark Zuckerberg -- are throwing large sums of money at it. This is the next frontier of tech investing...

Chinese online retailer Temu faces European Union investigation into rogue traders and illegal goods

LONDON (AP) — Chinese online retailer Temu is facing a European Union investigation over suspicions it's failing to prevent the sale of illegal products, the 27-nation bloc's executive arm said on Thursday.

Elon Musk Wants Uranium... But This $3 Million Miner Could Beat Him to It! - Ad

While tech giants like Elon Musk are pouring billions into nuclear energy, a tiny firm selling for less than $1 has quietly secured land in Canada holding some of the richest uranium deposits ever discovered. With energy demand skyrocketing, this tiny company could soon make big waves in the market.

Allies hope a Trump win changes the system for mortgages. Some warn it will make them pricier

If Donald Trump wins the presidential election, Republicans a longstanding GOP goal of privatizing the mortgage giants Fannie Mae and Freddie Mac, which have been under government control since the Great Recession.

The Next Wave of Tech Is Beyond AI - Ad

Big Tech is currently making a series of peculiar investments in a few strange companies. In fact, Elon Musk says these investments are critical when it comes to solving the number one problem facing AI. Now, Silicon Valley legend Michael Robinson has identified two companies that could play a significant role in the solution. Their stocks just may be the key to AI 2.0.

South Dakota's Adult-Use Cannabis Legalization Ballot Sparks Major Funding Race

South Dakota's cannabis legalization vote sees nearly equal funding, with industry backing and strong local opposition shaping the debate.

In this Florida school district, some parents are pushing back against a cell phone ban

TALLAHASSEE, Fla. (AP) — It’s no surprise that students are pushing back on cell phone bans in classrooms. But school administrators in one South Florida county working to pull students’ eyes away from their screens are facing some resistance from another group as well – parents.

$2 Trillion Disappears Because of Fed's Secretive New Move - Ad

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being carried out by the Fed that has nothing to do with lowering or raising interest rates. According to Dan Ferris, you should consider moving money to a unique "escape" investment right away.

Ardelyx Beats Q3 Sales Estimates, Shares Climb

Ardelyx reported its third-quarter results after Thursday's closing bell. Here's a look at the details from the report:

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright trendadvisor.net
Privacy Policy | Terms of Service