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Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026

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Today, Mike Mckee and Ira Jersey break down a strong May jobs report, as the US ads 172,000 jobs in the last month. Then, Goldman Sachs partner John Flood joins Natalia Kniazhevich to discuss the market outlook as tech stocks lead a major selloff. Plus, Dan Arnold, SVP of national operations at Protos Security, and Bloomberg's Vanessa Perdomo-Maglione talk security challenges of the upcoming World Cup and how US cities are preparing to deal with millions of fans flooding into town. (Source: Bloomberg)

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Lakers shopping Dalton Knecht, Jarred Vanderbilt amid trade rumors

New York Post

1 hour ago

Lakers shopping Dalton Knecht, Jarred Vanderbilt amid trade rumors

The Lakers have been busy this offseason with general manager Rob Pelinka orchestrating a full-fledged roster transformation.

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Melania gives Congress private deadline as she works around Trump's team: report

Raw Story

3 hours ago

Melania gives Congress private deadline as she works around Trump's team: report

First lady Melania Trump gave Congress a private deadline to pass her signature foster care bill, and she is pursuing it largely outside the usual White House channels, according to a new report in Politico. At a bipartisan roundtable with the House Ways and Means Committee in April, the first lady publicly called foster care legislation a "moral imperative." Then, behind closed doors, she set a target, Rep. Jason Smith (R-MO) told the outlet: "I want this on Donald's desk by the August recess." The Fostering the Future Act, which expands housing, education and workforce help for young people aging out of foster care, passed the House unanimously.The Senate has not moved it out of committee, and lawmakers are set to leave Washington around Aug. 10. At a White House picnic the day the House passed the bill, both Trumps urged the Senate to hurry. "Hopefully, it will quickly pass in the Senate," the president said. He has not publicly pressed senators since.The deadline reflects a first lady who increasingly operates on her own track. Her office, not the State Department, has led her effort to reunite children displaced by the Russia-Ukraine war, negotiating directly with Moscow and Kyiv, the White House said. She has also shown a willingness to diverge from the administration's message. She broke with the White House on Epstein, calling for survivors to testify as the president's team tried to move past the scandal, and last week put her own spin on a Supreme Court ruling her husband celebrated, voicing support for the LGBTQIA+ community.A recent book recounted how she resisted Trump's overhaul of the White House grounds and lost.

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REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct

The Last Refuge

3 hours ago

REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct

The funniest part of the MSNBC report about the issue is their claim that Pulte has not been in office long enough to know who the Deep State embeds are. “I have a real question of how he would know this. This isn’t a guy who is familiar with intelligence,” said the former official, who […] The post REPORT: Acting DNI Bill Pulte Fires Dozens of ODNI Staff for Politicizing Intelligence, Insubordination, Gross Misconduct appeared first on The Last Refuge.

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Bannon warns the ‘old politics are gone’ amid Democrat socialist surge

BizPac Review

3 hours ago

Bannon warns the ‘old politics are gone’ amid Democrat socialist surge

Conservative commentator Steve Bannon weighed in on the stunning primary wins by far-left Democrat candidates, declaring that the country is entering a new era in politics. The […]

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Americans Cheer as B-2 Stealth Bomber, Fighter Aircraft Fly Over Great American State Fair in DC Amid 250 Celebrations (VIDEO)

The Gateway Pundit

5 hours ago

Americans Cheer as B-2 Stealth Bomber, Fighter Aircraft Fly Over Great American State Fair in DC Amid 250 Celebrations (VIDEO)

B-2 Bombers and other fighter aircraft flew over the Great American State Fair in DC on Friday. The post Americans Cheer as B-2 Stealth Bomber, Fighter Aircraft Fly Over Great American State Fair in DC Amid 250 Celebrations (VIDEO) appeared first on The Gateway Pundit.

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Luka Doncic weighs in on new-look Lakers roster amid heavy criticism

New York Post

6 hours ago

Luka Doncic weighs in on new-look Lakers roster amid heavy criticism

Los Angeles Lakers star guard Luka Doncic shared his "excited" verdict about how his team's roster is shaping up in his NBA offseason.

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MAGA reporter declares: 'Uncool' State Fair debacle is the 'end of Trump'

Alternet.org

6 hours ago

MAGA reporter declares: 'Uncool' State Fair debacle is the 'end of Trump'

On Friday, a prominent MAGA journalist called it: “The State Fair debacle is the end of @realDonaldTrump as a cultural force.”Alex Berenson – a veteran journalist who gained MAGA fame for his vocal COVID denial and voted for President Donald Trump in 2024 – posted this declaration to social media along with a photo of an almost completely empty National State Fair, at the center of which stood a mini mockup of the Commander in Chief’s crumbling triumphal arch. “Trump has always been uncool in a cool way,” Berenson continued. “He’s so in love with himself and his own awful taste you appreciate him even if you hate him. But this is just a box-office bomb, and it makes him look so old.”His dismal assessment comes amid rampant reports of the fair’s many disappointments. The event – much touted by Trump in the weeks preceding it – has been characterized by thin to nonexistent crowds, prompting the crowd-size-obsessed president to fly into a rage and fret that no one will show up to his 4th of July rally. His own supporters have called it “really disappointing,” “unnecessarily vanilla,” and “like a silent protest.” Even Fox News ditched the affair after wasting too much airtime on “live shots of empty grass.”The National State Fair is part of the wider celebrations marking the United States’ 250th birthday, which have been plagued by controversy, scandal, and failure for months. In May, the fair concert series fell apart within hours of its lineup announcement as musicians quit, saying they’d been misled about the event’s pro-Trump connotations. Somewhere along the way, Trump decided the Reflecting Pool needed to be painted, and that debacle spun out into Algaegate. This and other projects have been riddled with accusations of no-bid contracts and shady dealings. Berenson’s assertion that the end of Trump is nigh comes as the MAGA movement descends into “civil war.” The president has lost some of his most important political and media allies, like Tucker Carlson and Marjorie Taylor Greene. The ‘Relectant Right’ who played a key role in his 2024 election have soured. And even the white working-class voters who are his most loyal support base have drifted away. Overall, Trump’s approval ratings have plunged to historic lows, increasing to just 37 percent in recent days.

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Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Raw Story

7 hours ago

Pay-to-play cycle behind GOP's corporate tax cuts exposed in new report

Major American corporations that benefited from tax cuts enacted last year by President Donald Trump and congressional Republicans are donating to the campaigns of GOP lawmakers who made the windfall possible.A report published Friday by Unrig Our Economy spotlights seven House Republicans who voted for the sprawling and unpopular GOP budget package, which extended tax breaks for corporations and wealthy Americans while inflicting unprecedented cuts on Medicaid and federal nutrition assistance—with disastrous consequences for millions of low-income families across the country.Rep. Mariannette Miller-Meeks (R-Iowa), one of the lawmakers featured in the new report, has received campaign donations from corporate PACs representing 3M, Amazon, Walmart, AT&T, and other companies that collectively received billions of dollars in tax breaks from the Republican law, which restored a provision allowing businesses to immediately write off new investments.Amazon saw its US income taxes fall by more than half last year due to the GOP law, even as the company’s profits grew. Unrig Our Economy noted that Amazon, whose PAC donated thousands to the Republicans spotlighted in the new report, has an effective federal tax rate of 1.37% following enactment of the budget law.Miller-Meeks, who has received at least $57,000 in donations from the PACs of companies that benefited from the 2025 law, issued a statement Thursday bragging about supporting “the largest tax cuts in American history,” not mentioning that the benefits will disproportionately flow to profitable corporations and the richest people in the country.“Thanks to the Republican tax law, corporations are receiving tax breaks, House Republicans are getting campaign cash, and working families are getting stuck with the bill,” the report states.Another Republican lawmaker featured in the report, Rob Bresnahan of Pennsylvania, received $2,500 in campaign donations from the PAC of FirstEnergy, which reaped $500 million in depreciation deductions thanks to the GOP tax law.“Bresnahan voted to give FirstEnergy hundreds of millions in tax breaks even after the company raised utility prices for his constituents,” Unrig Our Economy’s report observes.The report also points out that Bresnahan “owned stock in every single one” of the companies who contributed PAC money to his campaign following passage of the Republican budget package last summer.“This comes after Bresnahan has already faced scrutiny for dumping stock in Medicaid providers and selling off bonds in Pennsylvania hospitals before voting to slash Medicaid and put rural hospitals at risk,” the report notes.Leor Tal, Unrig Our Economy’s campaign director, said in a statement that “one year ago, House Republicans ripped away healthcare and food assistance from millions of Americans, so that corporations could get massive tax breaks.”“Now, many of those companies are dishing out PAC money to the Republicans listed in this report,” said Tal. “Republicans in Congress sold out many of their own constituents to help corporations get even richer. It’s time that House Republicans step up, do the right thing, and start fighting for working Americans—not giant corporations.”

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Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026

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Tech Stocks Lead Selloff Amid Strong Jobs Report | Bloomberg Businessweek Daily 6/5/2026

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