The Schaftlein Report

Topics: 1) Tractor trailer full of migrants left abandoned in Texas summer heat cause widespread death and injury a. Officials looking for truck owner and driver. b. 7K a day try crossing the border - Biden press secretary "The border is closed" - NO IT IS NOT 2) Russian terrorist attack on shopping mall in central Ukraine - Many dead and wounded a. Air Defense Systems being sent b. NATO to increase troop strength from 40K to 300K c. Is Jake Sullivan the National Security Adviser on the outs with Biden? 3) NY court will not allow Non-citizens to vote 4) Blue city crime - Atlanta man shoots Subway employee over too much mayonnaise on sandwich - Black-on-black murder a. 1 dead (26 year old woman) and 1 in critical condition (24 year old woman) - Both employees had been on the job for a month b. Man arrested age 36 - Southwest part of the city - Owner considers closing the store due to crime c. Buckhead residents want to secede from Atlanta as crime surges 5) Consumer Confidence hits 16-month low *Half of Americans live paycheck to paycheck with virtually no savings *Half believe we are already in a recession 6) Biden Disapproval Ratings Soar a. Economy 66% b. Inflation 71% c. Ukraine 57% d. Immigration 59% e. Abortion 60% f. Guns 62%

Topics: 1) States will now decide: a. What happened to the Leftists Rage - Most protests were peaceful however some violence in Portland and Phoenix where tear gas used to disburse crowd b. Warren wants to pack the court - Biden says No c. Hollywood crushed d. Media Liberals employ scorched earth plan e. Trump blamed and credited f. Ginsburg blamed by leftists g. Radical Democrats like Waters and AOC openly suggest to defy the court, want judges impeached h. Companies to pay for travel of employees? 2) From Abortion to guns to January 6th commission, it was a bad week for liberals - People are not changing how they vote *Supreme Court rules a coach who lead his team in prayer cannot be fired and is protected by the 1st amendment in 6-3 decision 3) Democrats try doing everything in their power to distract from the economy, inflation and gas prices 4) Biden accidentally reveals Note cards detailing instructions to him *It's obvious he is in way over his head - His approval hovers in the upper 30's **1.0M voters have changed their registration to Republican since Biden took office 5) DeFacto Amnesty - Federal Prosecutors are dismissing stacks of cases - 70K cases closed - The goal is to pardon 1.0M by 2024 *Over 2.75M Illegal Immigrants have tried crossing since Biden took office 6) NATO meetings in Europe as Ukraine withdraws from the East to regroup - Without more weapons, Ukraine cannot handle Russia alone *Russian missile hits Kiev building 7) Potential global food shortages could effect 50m people in 435 countries *Russia blocking Ukraine ports needed to ship the grain - 60M tons per year **Grain elevators attacked and grain stolen

Topics:

1) Biden asks Gas Station owners to lower prices and continues his criticism of oil companies a. Americans have "Tuned Out" Biden - His gun speech was viewed by only 5% of focus group participants b. Germany may have to ration gas 2) Secretary Granholm to meet with oil and refinery companies to discuss the issues - Claims she has no idea how to resolve the problem but at lest it is a step in right direction 3) Tax holiday is dead on arrival in congress - Democrats say Biden was too slow to react to rising inflation and gas prices 4) Fed Chairman Jay Powell "Soft landing is very challenging and a recession is possible" 5) President heads to Europe Saturday for meeting with NATO on Ukraine war and G7 Economic summit 6) France, Germany, Italy and Romania did not promise heavy weapons to Ukraine a. It is likely to have to cede property to get the war to end and achieve a peace deal b. Leadership of Biden and NATO comes into question c. NATO and Ukraine has gone from trying to achieve a military victory to a Survival mode 7) Supreme Court strikes down NY gun restriction law - Establishes the right to carry 8) DeSantis leads Trump by 2 in New Hampshire poll for 2024 39-37% - A statistical tie

Topics: 1) Crude Oil prices fall to $103 per barrel as recession fears hit market - But for how long? 2) Fed chairman Powell: "higher rates will moderate asset prices" *"Price stability is the bedrock for the economy" - We do not have that right now **Inflation is a supply demand imbalance and a policy error of the Biden administration and the Federal Reserve 3) The current Fed funds rate is 1.6% - Powell says it will be 3-3.5% by year end 4) Biden and some Democratic Senators blame oil companies - Chevron fires back at the criticism 5) Biden to support a 3-month Federal gas tax holiday (18 CENTS ON GAS AND 24 CENTS ON DIESEL) Pelosi once called it "showbiz" - Will it pass congress and to what effect? We say minimal to no effect 6) Russian Ruble is the strongest performing currency this year up 40% versus the dollar a. Strong commodity prices and $20B per month in export revenue of oil and gas are contributing factors b. Paying for oil in Rubles pushes demand in addition to capital controls 7) Russia is rerouting trade through Brazil, India, China and South Africa 8) Demand for mortgages is plunging and house price gains stall as this part of the market desperately needs a cool down 9) Press secretary says Biden will "ELEVATE" pain at the pump - She meant to say alleviate

Topics: 1) Basklash - Biden says what we all knew - Higher gas prices has a silver lining of shifting to renewal energy sources a. This has been their plan all along - They WANT high gas prices b. The problem is that high gas prices have had virtually no effect on climate change as drivers continue to drive and pay the higher cost c. We have not seen demand destruction d. Biden considers Gas Tax Holiday - Even Obama opposes that 2) Inflation figures price increases over the past year a. Gasoline up 49% b. Energy cost up 35% c. Rents up 15% d. Cars up 13% e. Utilities up 12% f. Groceries up 12% 3) Survey results show 64% of Americans blame Biden for Inflation being so high including 53% of Democrats 4) Economists say the Unemployment rate must go above 5% for inflation to ease 5) The average price of a new house is $435K *The median price of all houses sold is $408K meaning half sold for more and half for less **This is up 15% over last year and up 60% over 5 years 6) Goldman Sachs warns the odds of a Recession are 30% over the next year and 48% over the next two years 7) China is buying 8.4M metric tons of oil from Russia = $5.7B per month (discounted price due to sanctions) *China is buying 7.8M metric tons of oil from Saudi Arabia = $6.3B per month 8) Due to higher oil prices, this allows the Russians to finance the war - Sanctions hurt the Russian people, but not the Kremlin 9) Anti-Trump hearings continue - Americans are generally not paying attention as so much focus is on Inflation, Gas and Food prices 10) Voters go to the polls today in Alabama and Virginia for Senate and Congressional Primaries

Topics: 1) Some even say he will not make it through his current term a. Biden was shielded during the 2020 campaign and that same strategy is being used in the White House - Very few interviews b. "Take the car keys away from Grandpa" approach c. Biden is NOT a moderate but a highly partisan liberal d. His polling numbers are terrible and the progressive left dominates the party for now 2) Biden hit New Low at 32% approval with 57% Disapproval - A 25 point gap *He is under water in 48 states 3) Democrats are losing Hispanics whose values include being Conservative on Education, social issues, pro life and pro gun, lower taxes and freedom of religion and school choice 4) On the economic front, Bitcoin fell below $18,000 and Etherium below $1,000 a. India is buying Russian coal at a 30% discount to market b. The threat of a Recession is growing and pundits are jumping aboard including Larry Summers who adjusts his story every day c. Housing is really slowing in number of units being built as rising interest rates take a toll - Much more slow down to come 5) Treasury Secretary Yellin says the only way out of the current energy crisis is through renewables a. Can someone please teach the Treasury Secretary about drilling and fracking? b. The energy Secretary Jennifer Granholm say we are in for high gas prices for the extended future 6) Did anyone try to fly over the weekend? 3,000 flights cancelled and over 6,300 were delayed *Staffing shortages, lack of pilots and weather to blame? 7) Global swimming board rules no more transgender guys can compete in women's events (after reaching puberty) 8) European Union and British intelligence warn the war in Ukraine could go on for years as Russia wages a war of attrition *Ukraine losing 200 soldiers a day as Russia advances in Donbas region 9) Matthew Fitzpatrick wins the U.S. Open Golf tournament by one shot over Will Zalatoris and Scottie Scheffler in an outstanding day for golf 10) In politics, Katie Britt leads Mo Brooks by 19 in Ala. Senate Republican primary and Dr. Oz is behind in PA senate race by 9

Topics: 1) Federal Reserve raises rates 75 basis points, highest hike in 28 years *Stocks getting pounded in Bear market 2) Biden approval at 39% and Disapproval at 56% in Reuters/Ipsos Poll *This is consistent with other polling data 3) By 51-31%, Voters prefer Republicans over Democrats on handling Inflation *Biden, Schumer and Pelosi meet to discuss inflation - OH NO, they will make it worse 4) Biden begs oil companies to produce more - Way to go Joe - Your policies caused the problem *John Kerry - Absolutely no drilling more oil and gas 5) In a sign of slowing, housing starts hit a 13-month low 6) Taiwan warns China that it has a missile capable of hitting Beijing 7) Radical liberal PAC claims Representative Lauren Boebert (R) is an escort 8) Representative elect Mayra Flores (R) says Democrats have walked away from Hispanics and no longer share their values *They have gone so far left 9) 222K apprehended at border - A record - Yet no media attention to this 10) French President Macron, Germany's Scholz and Italy's Draghi meet Zelenskyy in Kyiv 11) In Texas governors race - Abbott (R) leads O'rourke by 5 in poll 12) Biden expands Transgender child healthcare as he goes radical left

Topics: 1) Mayra Flores flips Democratic district in Texas special house election 51-43% *Hispanics move away from Democrats toward Republicans in growing trend 2) Russell Fry beats Tom Rice on South Carolina House race 51-25% - Rice voted to impeach Trump 3) Nancy Mace survives challenger supported by Trump also in South Carolina *Trump goes 1 win and 1 loss 4) Adam Laxalt wins primary in Nevada and will face Sen. Cortez Mastro in the general election *Good opportunity for GOP pickup 5) In Georgia poll, Gov. Brian Kemp leads Stacey Abrams 50-45% *Herschel Walker and Raphael Warnock tied in Senate race 6) Democratic favorite pollster 538.com has Biden at 39.5% approval and 54% disapproval *Only 5 out of 50 Democratic Senators support Biden to run for re-election 7) Supreme Court Security bill passes House by a huge margin and goes to Biden for his signature *27 radical Democrats voted NO 8) McConnell to support Gun Safety Legislation to strengthen schools, add additional background checks and increased funding for mental health *We still need to see the details of the bill 9) Tom Cotton, Mike Pompeo, Ron DeSantis and Tim Scott are laying the groundwork for a 2024 run for President *Former VP Pence is also a likely candidate 10) More mass graves discovered in Bucha, Ukraine - Possibly up to 12K people *Battles rage in Donbas region - Are reports of Russian troops refusing to go into battle true? 11) Putin rival Navalny moved to maximum security prison with reputation for torture

Topics: 1) The Producer Price Index is up 10.8% in May, the 6th straight month over 10% 2) Gas is up for a 17th straight day averaging $5.02 nationwide 3) Diesel is up 80% year over year and Gasoline is up 63% - Biden policies are blamed 4) Crypto market blows up as market cap falls below $1T *Crypto banks limit redemption's - they were paying up to 18% interest - Celcius appears to be a Ponzi scheme *Federal regulation likely coming 5) Real estate prices appear to have peaked - In some areas of the country, prices have fallen 5-10% *Mortgage interest rates are around 6% 6) Federal Reserve likely to increase the Federal Funds rate by 75 basis points tomorrow 7) Biden to meet the Saudi's next month - Why not change his policies at home instead of begging the Saudi's? 8) ACA subsidies are a ticking time bomb for Democrats as huge increases are coming in October - Democrats want to extend expiring subsidies 9) Russia now controls 80% of a key Eastern city and three bridges connecting the city have been destroyed *Weapons are slow to get to the fighters - Russia may have the edge in the region 10) Chairman Bennie Thompson (D) of the Jan. 6th committee says no criminal referrals from his group *Trump releases 12-page rebuttal to the first 2 days of testimony 11) Primary day in 5 states today

Topics: 1) A highly partisan committee and their media allies are at it again this time trying to present a non-evidence-based case to indict Trump and keep him off the ballot in 202 - Focus groups of Independent voters are the Democrats target as they try to divert attention away from all of the other issues facing the country like $5-7 gas prices and 8.6% inflation a. Media throwing around incendiary words like Trump criminal referral - Democracy is at risk stoking fear in their attempt to retain power b. Democrats and Republicans "hate each other"? Merrick Garland will make the decision on Trump? 2) Biden approval in Quinnipiac Poll at 35% with Disapproval at 56% - Independents and Hispanics giving up on Biden 3) Republicans lead Generic Ballot 46-41% and are projected to take control of the House in November 4) Biden 2024 - Many Democrats are saying NO 5) On Gun Control - Democrats say they will accept what comes out of the Senate and come back for more next time 6) Democrats pressure Larry Summers who correctly called out the root causes of the Biden inflation last week *He now ridiculously calls Jan 6th as the root cause - A complete turn around after pressure from Democrats 7) Stock markets taking a beating after large losses on Friday - Possible Fed tightening 75 basis points - Recession fears grow 8) Reports out of Ukraine indicate they may be losing between 100-200 troops per day in heavy fighting a. Biden tells donors Zelenskyy did not listen to intelligence reports prior to the war - Ukraine rebukes the story b. Russia appears headed toward converting conquered Ukraine territories into Russia c. Ukraine needs more artillery 9) Majority believe the Biden Administration is INTENTIONALLY trying to keep gas prices high to appease the Greens and get Americans off fossil fuels 10) Border Agents disgusted by Biden and his policies and outright hostility