Heritage economist EJ Antoni analyzes the December jobs report under the theme “Making Money.”
Stocks fell after a stronger-than-expected jobs report, raising new headwinds for the Federal Reserve
-President-elect Trump lashed out at President Biden after an aggressive move on energy drilling.
-More Fortune 500 companies are abandoning DEI policies
-California wildfires exposed huge gaps in national disaster insurance and preparedness.
-Inside California’s Broken Insurance Regulations
-IRS outlines key dates for 2025 tax season
STOCKS DRAIN: US stocks ended sharply lower on Friday, with the Dow Jones Industrial Average falling almost 700 points.…more on the markets here. Bitcoin has also been trending downward…Cryptocurrency prices LIVE here.
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 41938.45 | -696.75 |
-1.63% |
| SP500 | S&P500 | 5827.04 | -91.21 |
-1.54% |
| I:COMP | NASDAQ COMPOSITE INDEX | 19161.627517 | -317.25 |
-1.63% |
Investors did not like the December jobs report, which was better than expected. Here’s why…continue reading here.
VIDEO: Why the jobs report is problematic for the Fed.
NOT SO FAST: President-elect Trump vows to reverse President Biden’s new drilling ban…continue reading here.
VIDEO: Trump talks about American energy independence.
Abandon the DEI: Meta, the parent company of Facebook, discusses corporate policies promoting DEI, or diversity, equality and inclusion…continue reading here. Shortly after, Amazon did something similar…continue reading here.
VIDEO: Major American companies are rapidly reversing DEI.
CALIFORNIA WILDFIRES CRISIS
CRISIS IN CALIFORNIA: Thousands of residents lost everything in this week’s wildfires in and around Palisades, and many are uninsured. It turns out that the State could be responsible for the abandonment of coverage by insurers…continue reading here.
VIDEO: Investor Kevin O’Leary criticizes California Governor Newsom as wildfires rage.
Abandon CALI: These insurers have said goodbye to California…continue reading here.
CALI FIRE COSTEST EVER: January 2025 California wildfires could become costliest in history…continue reading here.
INSURANCE STOCKS ARE EXHAUSTED
| Teleprinter | Security | Last | Change | Change % |
|---|---|---|---|---|
| ALL | THE CORP. | 181.02 | -10.79 |
-5.63% |
| CB | CHUBB LTD. | 257.71 | -8.94 |
-3.35% |
| VRT | THE TRAVELERS COS. | 232.43 | -10:34 a.m. |
-4.26% |
| AIG | AMERICAN INTERNATIONAL GROUP INC. | 70.50 | -0.93 |
-1.30% |
| MCY | MERCURY GENERAL CORP. | 48.64 | -12:05 p.m. |
-19.86% |
2025 TAX SEASON: The IRS announced key dates for the upcoming tax season…continue reading here.
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