|
Your First Look at Today's Top Stories
|
|
|
|
Friday, September 30, 2022
|
|
|
|
Don't miss The Daybreak Daily — scroll to the bottom of these top news stories
|
|
|
|
|
|
Hurricane Ian Leaves Florida Devastated
|
NBC: President Joe Biden said Hurricane Ian may have been responsible for “substantial loss of life” and could end up being the deadliest storm in Florida history. The reported death toll from the storm as of Thursday afternoon stands at seven, although the state of Florida has so far refused to officially comment on fatalities. More than 2.5 million customers across Florida were without power Thursday morning after Ian, now a tropical storm, walloped the state as one of the most powerful storms to ever hit the United States, causing widespread devastation and flooding that trapped residents in their homes ( NBC). Orlando Sentinel: Deadly Hurricane Ian was downgraded to Tropical Storm Ian on Thursday morning and moved off Florida’s East Coast by 11 a.m., but was still dumping record amounts of rain to bring “catastrophic flooding” to the region ( Orlando Sentinel).
|
|
|
|
|
|
Revised Report Shows GDP Fell 0.6 Percent in Q2 Proving US to be in a Recession
|
Fox News: The U.S. economy shrank for the second consecutive quarter in the three months ended June, according to the final estimate from the Bureau of Economic Analysis, meeting the criteria for a so-called technical recession as raging inflation and higher interest rates weighed on spending. The updated report, released Thursday, showed that gross domestic product (GDP), the broadest measure of goods and services produced across the economy, shrank by 0.6% on an annualized basis in the second quarter. That is below the initially reported 0.9% decline and unchanged from the second reading of a 0.6% decline ( Fox News). Axios: The notable revisions were for gross domestic income (GDI). As the name suggests, the measure sums up all of the income in the economy — business profits, interest payments and wages. It initially painted a rosier growth picture. One driver behind the downward GDI revision was slower labor compensation than initially reported. In other words, worker wage growth wasn’t as hot as we thought ( Axios).
|
|
|
|
|
|
Mortgage Rates Skyrocket in One Week; Highest in 15 Years
|
Wall Street Journal: Mortgage rates rose to their highest level in more than 15 years, a new high since the 2008-09 financial crisis that adds pressure to the already cooling U.S. housing market. The average rate on a 30-year fixed mortgage climbed to 6.7%, according to a survey of lenders released Thursday. lt was the highest rate since July 2007 and marked the sixth week in a row of rising rates. This week’s rate was up from 6.29% last week. Moves that large in a single week have occurred only a handful of times since Freddie Mac started tracking them more than 50 years ago. A year ago, rates were 3.01% ( Wall Street Journal). CNN: The Fed’s aggressive rate hikes are having the intended effect of easing demand, particularly in housing. As a result of the higher rates, home prices have softened and sales have decreased. But there is still a shortage of available homes for sale, which has kept prices elevated ( CNN).
|
|
|
|
|
|
Six States File Lawsuit Against Biden’s Student Loan Forgiveness
|
National Review: Nebraska, Missouri, Arkansas, Kansas, Iowa, and South Carolina joined together to file a lawsuit against the Biden administration on Thursday in an attempt to stop the president’s announced student loan-forgiveness program from taking effect. The attorneys general spearheading the legal challenge also submit that “no statute permits President Biden to unilaterally relieve millions of individuals from their obligation to pay loans they voluntarily assumed” ( National Review). Reuters: Critics of the plan raised concerns over its inflationary impact, while the White House said it was fiscally justified because the federal deficit was on track to drop by $1.7 trillion reduction in the current fiscal year compared with the prior year. The smaller deficit is largely due to the end of many COVID-19 aid programs and unexpectedly higher revenues. As of June 30, 43 million borrowers held $1.6 trillion in federal student loans. About $430 billion of that debt will be canceled, the CBO estimated ( Reuters).
|
|
|
|
|
|
Germany Claims Russia is Waging an “Energy War,” Takes on 200 Billion of Debt to Help Consumers
|
Barrons: German’s finance minister warned Thursday that Berlin was locked in an “energy war” against Vladimir Putin’s Russia as his government announced a major new fund to cap soaring energy prices. “We find ourselves in an energy war over prosperity and freedom,” Finance Minister Christian Lindner told reporters, underlining that the massive shield against energy costs was a “crystal clear answer to Putin that… we are strong economically” ( Barrons). Politico: The German government will take on 200 billion (in euros) in fresh debt to implement a gas price cap aimed at shielding consumers and companies from high energy costs, Chancellor Olaf Scholz announced Thursday ( Politico). Post Millennial: FLASHBACK: Germans officials laughed at Trump in 2018 when he warned their country would become “totally dependent on Russian energy.” Germany currently faces an energy crisis for that exact reason ( Twitter).
|
|
|
|
|
|
Political Rival Comes to Meloni’s Defense: “She is Not a Danger to Democracy”
|
Katie Pavlich: Speaking during a Democratic Governors Association reception and fundraiser in Washington D.C. Wednesday night, President Joe Biden compared Italy’s new and conservative prime minister Giorgia Meloni to Chinese dictator Xi Jinping… Meloni campaigned on God, pride in country and defense of family values to win her place as Italy’s next prime minister and yet, the left continues to paint her as a “threat to Democracy.” She was elected by voters ( Townhall). Kreately.in: Matteo Renzi: ex Italian PM, a liberal yet shuts up CNN, who cried Mussolini at her! “Personally I was against Giorgia Meloni, I’m not her best friend, we are rivals but she is not a danger to democracy, the idea there is a risk of fascism in Italy is absolutely fake news” ( Twitter).
|
|
|
|
|
|
Meta Halts Hiring Amid Losing $710 Billion
|
Bloomberg: Meta Platforms Inc. Chief Executive Officer Mark Zuckerberg outlined sweeping plans to reorganize teams and reduce headcount for the first time ever, calling an end to an era of rapid growth at the social media giant. In what would be the first major budget cut since the founding of Facebook in 2004, Zuckerberg said the company will freeze hiring and restructure some teams to trim expenses and realign priorities. Meta will likely be smaller in 2023 than it was this year, he said ( Bloomberg). Wall Street Journal: Meta’s shares closed down 3.7% Thursday. The stock is off more than 59% this year, and the company’s market value has dropped more than $710 billion since its peak in September 2021 ( Wall Street Journal).
|
|
|
|
|
|
Biden Appoints “Special Diplomat” for Plants and Animals
|
Washington Post: For the first time, the United States is designating a special diplomat to advocate for global biodiversity amid what policymakers here and overseas increasingly recognize as an extinction crisis. Monica Medina is taking on a new role as special envoy for biodiversity and water resources. She currently serves as the department’s assistant secretary for oceans and international environmental and scientific affairs ( Washington Post). Katie Pavlich: President Joe Biden has created a new “special diplomat” position to represent…plants and animals… What the paper left out is the connection Medina has to White House Chief of Staff Ron Klain ( Townhall). Reporter Gabriella Hoffman: The individual is Monica Medina, who will act as “special envoy for biodiversity and water resources” for the State Department. And guess who she’s married to? Ron Klain ( Twitter).
|
|
|
|
|
|
Democrats Block GOP Attempt to Get Tougher on Fentanyl Trade
|
Spencer Brown: A bill that would permanently put fentanyl-related substances in schedule I of the Controlled Substances Act was blocked on Wednesday by 220 House Democrats who voted against considering the legislation that would have given the government more power to crack down on the criminal enterprises profiting off of lethal fentanyl-related drugs ( Townhall). House Rules Republicans: Fentanyl is pouring across Biden’s open border & claiming American lives at rates never before seen. We need to secure the border & fully prosecute traffickers, but @HouseDemocrats blocked @HouseGOP requests to consider a bill to keep fentanyl a controlled substance ( Twitter).
|
|
|
|
|
|
Focus on the Family Invites You to Bring Your Bible to School October 6
|
CBN: Students across the nation are gearing up to share their faith, celebrate religious freedom, and impact their world with the Bible on Oct. 6 for “Bring Your Bible to School” day. The annual event, sponsored by Focus on the Family, encourages young students to boldly live out their faith. Last year, more than 500,000 students participated and were a part of shining God’s light in their schools ( CBN). Elizabethton: “Bring Your Bible to School Day is an excellent opportunity for our nation’s students to boldly and freely stand for their faith,” said Jim Daly, president of Focus on the Family ( Elizabethton). Focus on the Family: This event empowers Christian students of all ages to speak God’s grace and truth into the culture around them, starting with two simple steps — bringing their Bibles to school and sharing what God’s Word means to them ( Focus on the Family).
|
|
|
|
|
|
|
|
|
|
Eric Metaxas and journalist John Zmirak discuss the leftward drift of world governments and whether Italy’s new prime minister can help right the ship
|
|
|
|
Eric Metaxas: I want to talk to you, John, about what is happening in the country and in the world. Can I just get your thoughts about what happened in Italy? Because every now and again, something so wonderful happens. It’s just God’s way of giving us hope in the midst of madness and...
|
|
|
|
|
|
|
|
|
|
Carl Jackson discusses the FBI raid on the home of pro-life father of seven, Mark Houck, and suggests it’s time to see the FBI for what it really is
|
|
|
|
Carl Jackson: I want to talk about something that’s a little different here. Something hit me. I was thinking about this raid that happened yesterday, and we spoke about it yesterday on the podcast, of this Mark Houck, who’s a pro-life activist just sitting out in front of an abortion clinic...
|
|
|
|
|
|
|
|
|
|
Hugh Hewitt talks with Senator Mike Braun about Biden’s student loan forgiveness scheme and the GOP’s outlook for November
|
|
|
|
Hugh Hewitt: I’m joined by United States Senator Michael Braun to begin this hour. Good morning, Senator. How are you?
Sen. Mike Braun: Pretty good, Hugh. Good to be back on. …
Hugh Hewitt: Senator Braun, the president unilaterally, I believe unconstitutionally, forgave $400 billion in student...
|
|
|
|
|
|
|
|
|
|
Mike Gallagher wonders why anyone would rank “climate change” as a top issue, even as Hurricane Ian bears down on his home state of Florida
|
|
|
|
Mike Gallagher: The polls are split, with control of Congress hanging in the balance. Registered voters do give the Republican Party the advantage on inflation, the economy and crime. Democrat candidates get the advantage on abortion and climate change.
So, what are people going to vote for in 43...
|
|
|
|
|
|
|
|
|
|
Dinesh D’Souza debunks the idea, propagated by the left, that the newly elected Italian prime minister is fascist
|
|
|
|
Dinesh D’Souza: I have been in the last day or so, just elated at the result of the Italian election. And I keep showing Debbie social media segments of the winner of that election, Giorgia Meloni. And Debbie goes, Dinesh, you’re really obsessed with Italy. And I’m like, yeah, I am a little...
|
|
|
|
|
|
|
|
|
|
Charlie Kirk and radio colleague Brandon Tatum discuss the powerful truths presented in the new film, “Uncle Tom II”
|
|
|
|
Charlie Kirk: Joining us now is a great patriot and a colleague on the Salem Radio Network. His show is doing very, very well. You can hear it all across the country as he does a fabulous show every night. It’s Brandon Tatum. Brandon, welcome back to the program.
Brandon Tatum: Charlie, thank you...
|
|
|
|
|
|
|
|
|
|
Brandon Tatum posits a life-saving alternative to the left's misguided demand for police reform
|
|
|
|
Officer Tatum: Ladies and gentlemen, I want to start out by saying police reform is a fraud. There is no need to have what the left would consider to be police reform.
Why do you say that, Mr. Tatum? Don’t you believe that police need better training? Don’t you believe that there’s areas to...
|
|
|
|
|
|
|
|
|
|
Sebastian Gorka and Vivek Ramaswamy discuss America’s imperfect yet laudable history on race
|
|
|
|
Dr. Sebastian Gorka: This is the question I wanted to ask you next. If somebody said to you, if a foreigner said to you who’s visiting or whatever, is America a systemically racist nation? What would you say to them?
Vivek Ramaswamy: I would say no. First of all, the word “systemically...
|
|
|
|
|
|
|
|
|
|
Dennis Prager discusses the proposed ban of diesel trucks in the Golden State and the destructive effect it will have on our way of life
|
|
|
|
Dennis Prager: The self-induced destruction of our society is really moving at great speed. And here’s an example. This is the LA Times today: “California regulators could soon ban the sale of diesel big rigs by 2040.” It goes worse than that. Because you can buy it in another state and then...
|
|
|
|
|
|
Copyright © 2022 DaybreakInsider.com
|
|
|
|
|
SUBSCRIPTION INFO This newsletter is never sent unsolicited. It is only sent to people who signed up from one of the Salem Media Group network of websites OR a friend might have forwarded it to you. We respect and value your time and privacy. Unsubscribe from The Daybreak Insider OR Send postal mail to: The Daybreak Insider Unsubscribe 6400 N. Belt Line Rd., Suite 200, Irving, TX 75063 Were you forwarded this edition of The Daybreak Insider? Get your own free subscription Copyright © 2022 Salem Media Group and its Content Providers. All rights reserved. |
|
|
|
@DaybreakInsider
