The Schaftlein Report

1) No Democratic votes and likely failure in Senate 2) Abortion pill ruling delayed by Supreme Court 2A) 80% disagree with the Dobbs ruling turning back to the states. Majority of the public supports bans after 15 weeks. 3 )McCarthy announces budget and debt ceiling deal capping debt at an additional 1.5T and reducing spending to 2022 levels with saving s of over $4.5T 3A) Biden rejects it and labels it a MAGA budget 4) SpaceX test rocket explodes over gulf. 2x the power of Saturn rockets. 5) In economic news, home prices declined by 1% to $376K average and sales are down 22% year over year 5A) Jobless claims are up to 245K and 1.86M are currently on unemployment benefits 5B) 41% believe the U.S. is already in a recession 6) Illegal aliens are costing the U.S. $150B a year just to house them. Sanctuary cities like, NY, Chicago and Denver have budget problems trying to house these people. 7) IRS whistle blower says Garland lied to Congress and a massive cover up is happening.in Hunter Biden case 8) Trump leads DeSantis by 42-22 in NH with Sununu at 12%

1) Teen mob take over downtown Chicago and assault white woman 1A) St. Louis Prosecutor fails to show at Murder Trial 1B) Mobs take over LA gas and convenience store in Compton 1C) In NYC Jim Jordan and GOP congress highlight the crime issue and poor prosecution of criminals. DA goes after Trump while crime rages 2) DHS Secretary Mayorkis grilled by Senate over migration policies.. 1.06M detained in last 6 months, 162K alone in March 3) McCarthy touts the need to negotiate over hte debt ceiling in stock exchange visit. Biden does nothing and remains on defense. 4) Russia continues detention of WSJ journalist 5) Consumers falling behind on credit card and loan payments as banks increase reserves to cover losses. 6) In politics, Fox / Dominion Lawsuit - We'll discuss 6A) Biden caving to radical minority on women sports participation by Transgenders 7) Trump embraces early voting, mail in voting and drop boxes. We agree. 7A) Both Tennessee Senators Blackburn and Haggerty endorse Trump

Headline - Inflation Moderates Slightly 1) Core CPI rose 5.6% excluding food and energy up 5.0% 1A) Core PPI declined .5% in March excluding food and energy it was down .1% 1B) Egg prices declined 11% in March however rents were up 18% over the past 2 years 1C) Federal Reserve expects a mild recession due to bank failures later this year 1D) American consumers purchased $788B in Chinese goods primarily cell phones last year 1E) 50% of office buildings are vacant in 10 largest cities. @M people left large cities during 2020 to 2022. We've been telling you this. 2) Biden EV goals by 2035 unrealistic according to industry experts 3) In Politics, Sen. Tim Scott announces an Exploratory Committee for potential Presidential race 3A) Gov. DeSantis announces plans to be in Washington D.C. on 4-18 to meet high ranking Republican leaders 3B) Sen Feinstein who is 89 has Shingles and has missed 60 major votes since February and has asked to be relieved of committee assignments. 3C) With Sen. Fetterman's health issues the Senate is 49-49 at times 3D) RFK Jr. is getting 10% support among Democratic primary voters 3E) Democrats have become the party of cultural elites and perceived intellectuals representing the wealthiest congressional districts and have little in common with non college educated working class people 4) To no surprise, the Biden administration was involved in the Mar a Lago raid. 5) Former Obama official claims Biden involved in kickback schemes with Hunter. FBI stalls on the subject. 6) Victor Davis Hanson chronicles Biden foreign policy failures

1) Aftermath of Louisville shooter killing 4 and wounding 9. Suicidal and live streaming a murderous rampage 2) Tennessee City Counsels try to reinstate terminated lawmakers. Racial overtones? 3) Chino, CA - An 11 year old girl transitioned with school assistance without the parents knowledge under the Parental Secrecy Policy 4) Entertainers slam Anheuser-Busch over advertising with a Trans Activist in beer commercial for Bud Light - Just stop drinking the beer? 5) 2 courts rule completely opposite on abortion pill. Case likely headed to Supreme Court. Chose your battles carefully. 6) Whole foods pulls out of downtown San Francisco after 1 year due to soaring crime. No surprise 7) Democratic National Committee chooses Chicago for 2024 convention. A perfect selection city for a party with a reputation as Soft on Crime 8) U. S. spy operations catches Egypt trying to sell weapons to Russia. What will be the consequences? 9) China demonstrates attack plan simulation for Taiwan as a counter to meeting with U.S. officials in Taiwan 10) 58% of Americans are living paycheck to paycheck 11) Biden signs decree ending Covid 19 emergency - did anyone else notice this?

1) Leftist secure seat on Wisconsin Supreme Court tilting the court from Conservative to Liberal. Large turn out of left wing voters. However, with a Super Majority in the state House and Senate, the newly elected Justice can be removed 1A) If Republicans keep pushing for tighter abortion restrictions, they will continue to lose elections. 2) Chicago Mayor -elect Johnson a liberal progressive wins by 51-49%. He is promising the most radical progressive change Chicago has ever seen. Look out for your wallet and your safety if you live in Chicago. 3) Bob Lee the Cash App founder is murdered in SF being stabbed to death in a supposed nice neighborhood. No suspect in custody. Residents fear SF is nearing collapse as crime soars, office buildings remain empty and the tax base deserts while the homeless, drug addicts and other losers populate the city. 4) A NC Democrat flips to Republican giving the GOP a veto proof majority in the state house. Why - The Democratic party criticized the Flag and Prayer. The party moved so far left, she did not recognize it anymore. Sounds familiar. 5) Trump's poll numbers skyrocket from a Feb 45-42 against Biden to a current 47-40. in Rasmussen. Trump rails against AG Bragg and Republicans come out defending Trump. 6) In economic news, job openings drop to 9.9M from 10.6M. ADP says 145K jobs were added in March. The labor department releases numbers tomorrow Bond yields drop on concern for slowing economic activity 7) Taiwan President met with McCarthy in LA and a U.S. delegation flew to Taiwan in show of support. 8) Robert F. Kennedy Jr. files paperwork to run for the Democratic nomination.

1) The Final Battle - Trump to be charged with 34 felony counts upgraded to a class E from Misdemeanor on Falsification of business records. No mugshot or handcuffs. No jail if convicted for first time offender. This is a political circus and a very bad day for our country. 1A) More media than protesters? 2) Trump up by 30 in Republican race as led surges - we'll explain. In NH, Trump up by an average of 21 points. Democrats fear a repeat of 2016. 3) The Chicago mayor race is today with Paul Vials who supports the police having a narrow lead over Brandon Johnson who favors Defunding the police. 4) Dan Kelly a conservative endorsed in Wisconsin Supreme Court election as a shift in that court hangs in the balance. Abortion, Redistricting and possibly the 2024 election in the balance as $42M poured into the race. 5) Biden approval holds steady at 44-54 6) In economic news, Jamie Dimon says the banking crisis is not over. The stock market falls after a recent large run up. 6A) 5,000 GM workers to take buy outs 6B) Oil back above $80 as Saudi's perceive the Biden Administration changed their policy to buy back oil to fill the depleted SPR. We'll explain. 7) Finland officially becomes a NATO member.

1) Russia charges WSJ reporter on Spying charges. WSJ denies it and demands immediate release. Court date set for May 1A) Top U.S. General confirms Russians are being slaughtered in the war. 2) Attorney General Merrick Garland in a blatant political move advised not to arrest abortion protestors earlier this yer at the homes of Supreme court Justices. 3) 9 dead after 2 black hawk helicopters collide while training in KY 4) There has been another train derailment, this time in MN. 5) Jobless claims are at 198K, up 7K but still a low figure 5A) Biden extends drilling in the Gulf of Mexico 2600 square miles - A move to the center? 6) In politics, Biden approval hovers between 38-42% while his disapproval is between 54-56% going in the wrong direction 6A) Trump leads DeSantis by 30 with the rest far behind. 6B) In a match up between Biden and either Trump or DeSantis, it is a 2 point race +/- 6C) AZ Democrats sue to prevent a 3rd party No Labels from being on the ballot. Growing concerns over Biden and losing the Senate. 7) NHL may cancel "Pride night" because players refuse to wear LGBTQ gear. Good for the players!! 8) Pope hospitalized with upper respiratory infection 9) Batter Up

1) Consumer confidence rises during March as banking crisis somewhat subsides - good news 1A) Disney joins a list of companies with a layoff announcement of 7,000 which is not a surprise 1B) There is absolutely no progress in the debt ceiling debate - bad news and we'll explain 1C) Commercial Real Estate loans are becoming a concern particularly in NYC and SF as debt will roll over at higher interest rates 1D) Hearings in the Senate on the SVB collapse as regulators testify 1E) Sam Bankman Fried charged with Bribery of Chinese official as the former Crypto boss charges increase in his fraud scheme 2) The Nashville Trans gender (man to a woman) shooter had a manifesto to attack the Christian Academy killing 6. Brave police officers likely saved many more sa they took out the shooter within 6 minutes 3) 39 killed in fire at U.S./ Mexico migrant facility in Juarez. 4) A weapons facility in Norway was unable to increase artillery production to meet demand because a Tic Tok data center was sucking up all of the electricity.. 4A) Russia pulls back in parts of Ukraine as losses continue unabated. A spring counter -offensive is likely 5) A Rand Paul staffer was randomly attacked in Washington close proximity tot he capitol in broad daylight by a 42 year old black man just release from a 12 year prison term. "voices told him to do it. One day out and right back in jail. 6) In a classic case of government over reach, Journalist Matt Taibbi who broke the Twitter Files story was visited by IRS. Charmian Jim Jordan wants answers. 7) Israeli tensions ease as Netanyahu suspends judicial overhaul which was tearing the country apart. 8) In Chicago mayor race, Paul Vallas leads Brandon Johnson by 6 points. Vallas supports the police while Johnson wants to Defund.

1) What will the Grand Jury and DA do? Trump? 2) DeSantis teases 2024 plans. Rips Trump character and Trump responds. 3) Federal Reserve raises interest rates 25 basis points, markets fall then recover 4) Biden approval drops to 38% near low of his presidency. He was at 45% in Feb. and 41% in Jan. 4A) Only 30% of Iowa voters approve of Biden 5) Portland disintegrates - shootings, toxic waste, drug addicts, shoplifting causes Walmart to leave, other business closures poor police protection. A liberal dystopia before our eyes 5A) LA crime out of control in certain neighborhoods. Strike keeps schools closed 6) Tic Tok CEO grilled on capital hill.

1) China shifted the majority of their oil purchases to Russia over Saudi Arabia 1A) International Criminal Court issues arrest warrant for Putin war crimes. 2) Potential Trump indictment next week. Manhattan district attorney playing dangerous political game. It is a misdemeanor. We'll discuss the implications. Will Trump gain politically? 3) In France, the Macron government survives a no confidence vote over raising the retirement age to 64 from 62 which was badly needed. 4) In Economic news, Amazon to cut an additional 9K jobs. 4A) First Republic Bank still shaky as Jamie Dimon leads an effort to rescue the bank. Stock was down 46% yesterday but up slightly today. 4B) UBS buys Credit Suisse for $3.2B as $17B in debt wiped out. 4C) Home sales spiked 14.5% in February as prices fell for the first time in a decade when mortgage rates fell. 30 year loan now 6.62% 4D) Biden decision to veto and ESG investing bill draws ire from Sen. Joe Manchin and others across party lines. 5) European Union to send 1M rounds of ammunition to Ukraine. U. S. to renovate Abrams tanks to speed up delivery. 6) In the court of stupidity, a Philadelphia judge awarded $9.25M to 343 plaintiffs who protested the George Floyd action and had to be disbursed by police. The judge cited physical and emotional issues. This works out to $19K per person after attorney fees. 7) 430K kids in LA are not in school over a strike. 8) Trump leads DeSantis 54 -26 in newly released Morning Consult Poll. Both are within 2 points in race against Biden