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Your First Look at Today's Top Stories
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Don't miss The Daybreak Daily — scroll to the bottom of these top news stories
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Bank of England Raises Interest Rate
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Wall Street Journal: The Bank of England raised its key interest rate by a quarter percentage point Thursday, a fresh sign that policy makers around the world are determined to press down on inflation despite strains in the banking system. Policy makers said the U.K.’s banking system “remains resilient,” and warned they may need to raise the key rate again ( Wall Street Journal). CNN: The Bank of England has now raised interest rates at each of its rate-setting meetings since December 2021. The European Central Bank, the US Federal Reserve and the Swiss National Bank have also raised interest rates in the past week ( CNN).
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TikTok CEO Testifies Before Congress
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Katie Pavlich: TikTok CEO Shou Zi Chew is on Capitol Hill Thursday and facing a grilling from lawmakers over the extensive reach the Chinese spy application has into the United States. During questioning from California Democrat Anna Eshoo, Chew claimed the Chinese Communist Party does not have access to data collected by the application. Eshoo responded to the wildly false claim by calling it “preposterous” ( Townhall). RNC Research: For at least the third time today, TikTok CEO Shou Chew does not deny employees of TikTok’s parent company in China have access to Americans’ private user data ( Twitter). Townhall: TikTok CEO: “Yes, the Chinese engineers DO have access to global data!” Rep. Walberg: “You have no access to…American data today?” TikTok CEO: “That’s not what I said.” Rep. Walberg: “So do you have access!” TikTok CEO: “This is a private business” ( Twitter).
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Biden’s Approval Rating Craters Amid Banking Crisis
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Hill: President Biden’s approval rating is nearing its lowest point of his presidency, according to a new poll, following a string of bank failures that have thrown even more uncertainty into the economy. The Associated Press-NORC Center for Public Affairs Research survey found Biden has a 38 percent approval rating, marking a fall from recent months. His approval rating last month was 45 percent. Biden’s lowest point in the polling was reported last July, when 36 percent of respondents approved of the job he was doing in the Oval Office ( Hill).
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World Athletics Bans Trans Women from Competing in Female Track and Field Competitions
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CBC: World Athletics has banned transgender women from competing in elite female competitions if they have gone through male puberty, the sport’s governing body said on Thursday. The council also voted to tighten restrictions on athletes with Differences in Sex Development (DSD), cutting the maximum amount of plasma testosterone for athletes in half, to 2.5 nanomoles per liter from five. World Athletics president Sebastian Coe told a news conference that the decision to exclude transgender women was based “on the overarching need to protect the female category.” He added that WA would form a task force to study the issue of trans inclusion that would be chaired by a transgender athlete ( CBC). OutSports: In addition, intersex athletes — those who may exhibit both male and female sex characteristics — will in all categories be mandated to maintain that testosterone level of 2.5nmol/L for 24 months to compete. There are various women believed to be intersex who have competed in the Olympics ( OutSports).
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Accenture Sheds 19,000 Jobs Worldwide Amid Global Tech Decline
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Reuters: Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its workforce, or 19,000 jobs, the latest sign that the worsening global economic outlook was sapping corporate spending on IT services. More than half of the jobs to be cut will be in its non-billable corporate functions, Accenture said on Thursday, sending its shares up 6.4% ( Reuters). CNN: The Irish-American professional services company said in a Thursday filing that it would spend $1.2 billion in severance to cut 2.5% of its workforce over the next 18 months, and another $300 million to consolidate its office space ( CNN).
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Armed Russian Jets Have Flown Over a US Military Base in Syria Each Day in This Month
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Townhall: Armed Russian jets have flown over the U.S. military base in Syria every day in March, violating a 4-year-old agreement between the U.S. and Russia. Yet President Joe Biden does nothing to stop this. Russian jets have violated the airspace about 25 times this month, compared to zero times in February and 14 in January. In addition, according to sources, Russian aircraft have confidently acted aggressively toward U.S. bases in a way that is not typical of an organized military force ( Townhall). Daily Mail: The U.S. has used their direct deconfliction phone line to object to the hostility, but that the calls have done little to stop the behavior. Rather than acknowledge the issue, the military official said the Russians have told him they don’t recognize the airspace as the United States’ ( Daily Mail).
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San Francisco Mulls Over Creating $50 Million Reparations Office in Charge of Reparations
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Washington Free Beacon: San Francisco lawmakers this week proposed reallocating $50 million of taxpayer funds to establish an Office of Reparations that will ensure the city’s black residents receive payments, which may amount to $5 million per person. San Francisco supervisor Shamann Walton on Tuesday proposed creating the office to ensure the city’s African American Reparations Advisory Committee’s vision is implemented after it makes its final recommendation in June ( Washington Free Beacon). Washington Examiner: The current proposal from the reparations advisory committee calls for $5 million payments along with other benefits for black residents, including the elimination of personal debt and tax burdens, guaranteed annual incomes of at least $97,000 for the next 250 years, and homes in the city for $1 per family. The reparations plan has been criticized by several groups and individuals, including the San Francisco chapter of the NAACP , which has called for investments and opportunities for the black community instead of direct payments to black residents ( Washington Examiner).
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Ford Expects to Lose $12 Billion on EV Line
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Wall Street Journal: Ford Motor Co. expects to lose about $3 billion on its electric-vehicle business this year, a reminder of how far traditional auto makers have to go in turning their EV portfolios profitable. Ford disclosed the figure Thursday while outlining a new financial-reporting structure intended to give investors better insight into the performance of its three business units. Ford finance chief John Lawler described the EV division as a startup inside the 119-year-old company, and said it is normal for a fledgling business to rack up losses. Ford shares were down about 1.3% in afternoon trading Thursday ( Wall Street Journal). Daily Wire: Ford plans to explain its financials in more detail to investors and how it will stick to its goal of selling only zero-carbon emission vehicles by 2040. Ford is relying on Ford Blue, its gas-powered vehicle production, to fund the carmaker’s transition to EVs ( Daily Wire).
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Florida Senate Passes School Choice Bill
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Fox News: Universal school choice legislation is heading to Florida Gov. Ron DeSantis’ desk after it passed the Republican-led Florida Senate on Thursday with a large majority. If signed into law, the Florida bill will eventually make state-funded vouchers for students universal by removing income caps for eligibility to education savings accounts. Parents who are eligible for the program will get $8,000 toward education-related expenses including tuition at private schools, homeschooling, tutoring, materials and fees for standardized tests. The vouchers will roll out over time with low- and middle- income families prioritized ( Fox News). Washington Examiner: The bill has been continually opposed by the state’s teacher’s unions, including the Florida Education Association, which said the bill will “direct billions of taxpayer dollars to unaccountable, private corporate-run schools — at the expense of the neighborhood public schools that serve most of our kids” ( Washington Examiner).
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Washington Democrats Introduce Legislation to Eliminate Need for Public Safety Officials to Read English
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Fox News: Some Democrats in Washington State are trying to eliminate the requirement for police officers and other public safety officials to be able to read and write in English. SB 5274 seeks to “expand eligibility in certain civil service positions to allow lawful permanent residents to apply.” In the current version passed by the state senate on March 8, the English language requirement is removed. The amended version of the bill summary now reads, “Removes the requirement that applicants for certain civil service positions must be able to read and write in English.” The bill applies to applicants for the city’s police force, city firefighters and the Sheriff’s Office. Fish and wildlife officers are also included ( Fox News).
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Charlie Kirk does a week in review in the forwards, backwards, tangled mess of a Trump indictment story
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Charlie Kirk: What a week this has been starting with the rumors that Donald Trump was going to be indicted. And now is the Manhattan DA getting cold feet? Are we seeing a little bit of trepidation set in?
If it ends up and it turns out that Donald Trump is indeed not indicted by the Manhattan DA,...
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Dennis Prager looks back at the inception of the self-esteem movement and laments its inevitable outcome
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Dennis Prager: For a very long time, I have been aware of the danger of over praising your child or of you having been overpraised. Compared to the past and probably all of the human past, this young generation and the previous generation are the two most praised generations in the history of the...
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Julie Hartman discusses the tragic practice of child mutilation, otherwise known as gender-affirming care
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Julie Hartman: You know, it is no secret that people have spoken very much recently about the “ugly stains” on our history. And of course, like any country, we have them. Slavery, Jim Crow, internment camps. There are many things in this country that have gone wrong.
But I think in the fullness...
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Hugh Hewitt talks with Justice Daniel Kelly, candidate for one of the most watched — and definitely the most expensive — Supreme Court contests in U.S. history
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Hugh Hewitt: Welcome back, America. In January, the New York Times sent up a flare to all the leftists in America that they had to get involved in the Wisconsin Supreme Court race, and they are supporting George Soros and all of them. This left-wing trial judge in Milwaukee, whose last name I...
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Mike Gallagher ponders the motives and strategy — or just plain stupidity — of the Trump arrest rumored to be coming down this week
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Mike Gallagher: There’s no way they’re this stupid. There is no way they’re going to indict him this week on some bogus misdemeanor charge that they’re trying to trump up and make it into a felony. There’s no way. I know they’re not bright. I know they’re completely oblivious to how...
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Sebastian Gorka talks with financial expert and Salem colleague Trish Regan about the failure of Silicon Valley Bank and what to do next
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Dr. Sebastian Gorka: Are we on the brink of an economic collapse? Is a new Biden depression around the corner? No monologue to open the show. Don’t cry. I’ll give you one later. We’re going to check in instead with my former Fox colleague who is now my new Salem colleague. She’s the host of...
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Dinesh D’Souza exposes the little-known executive order that is inching the U.S. ever closer to the surveille-and-control mechanism of digital currency
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Dinesh D’Souza: Technology, we know, can be a force for liberation, but it can also be a force for repression. Now, for many years there has been circulating in the United States anxiety that technology will produce a kind of comprehensive regime of repression. And one of the ways to achieve this...
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