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January 1, BREAKING: STOCK FUTURES PLUNGE ON CORONAVIRUS FEARS

This Day in History | 1959
Mattel, Inc. introduces the first Barbie doll at the New York toy fair.
Good morning Middle Americans,
Buckle up – because here it comes. US stock futures fell so far this morning that early trading has been halted. By the time you read this – you will have probably lost a lot of money. But this all about panic. And a lack of co-ordinated response between Asian and European countries. The Trump administration seems to be at odd with the federal bureaucracy, the federal reserve bank, and it’s lack of ability to fix these problems.
The State Department is warning Americans to not travel by cruise. This as another infected cruise, the Diamond Princess is set to come ashore in California today.
Sen. Ted Cruz and Rep. Paul Gosar are self quarantining after they were exposed to COVID-19 at the Conservative Political Action Conference just outside of Washington DC early this month. One of CPAC’s attendees recently tested positive.
And if you are a little sick (bad pun, I know) and tired of the coronavirus, we have a couple of big stories that you should be interested in.
Carlos Mara, a self proclaimed socialist YouTube star loves to rail against the rich and powerful on behalf of the working class, but wait til you see where he’s living, or at least where he registered to vote.
And investigators are trying to get to the bottom of a massive shootout between rival motorcycle gangs in Cleveland.
Read all about it!
-Fraser Dixon
STOCK FUTURES FELL FAST ENOUGH TO TRIGGER A HALT
(Bloomberg) — Circuit breakers put a limit on a harrowing plunge in U.S. stock futures, but they’re also leaving traders in the dark as to how big losses may eventually get. Trading in other index price proxies suggested American stocks are at risk of the worst plunge since 2011.
In the midst of financial-market spasms as the day began in Asia Monday, trading in some of the world’s most popular equity contracts went quiet when declines reached 5%, setting off Chicago Mercantile Exchange limits that keep prices from falling further.
“These things are all designed to stop a market panic and cause a bit of a pause in trading,” said Shane Oliver, head of investment strategy and chief economist at AMP Capital Investors. “It can have the perverse effect of increasing the downward pressure on other markets, particularly until the U.S. market opens.”
E-mini futures on the S&P 500 Index sank 5% to 2,819 by 9:05 a.m. in Tokyo. After briefly rallying, they slipped back to the limit-down level and held there for much of the Asian trading day. The curb means the contract can’t trade at a lower price for the remainder of the overnight session, although transactions at or above the threshold are allowed. An exchange-traded fund tracking the S&P 500 that isn’t subject to trading curbs was down 6.3% at 5:52 p.m. in Tokyo.
“Most of these down opens have seen dip buyers come in — we should know in the first 90 minutes of trading” if they are out of ammunition, saidMichael O’Rourke, chief market strategist at JonesTrading. “If we don’t bounce quickly in those first 90 minutes, it sets up to be a long and likely ugly day.”
Read more here
& here
State Department: US citizens ‘Should Not Travel by Cruise Ship’ Amid Coronavirus Outbreak
(USA Today) – The U.S. Department of State on Sunday advised U.S. citizens against traveling by cruise ship as cases of the novel coronavirus continue to spread across the world.
“U.S. citizens, particularly travelers with underlying health conditions, should not travel by cruise ship,” the State Department wrote in its warning.
The warning comes with new guidance from the Centers for Disease Control and Prevention that includes tips for people who do choose to travel by cruise ship. The U.S. has 554 confirmed cases of the coronavirus with 21 deaths as early Monday.
“Like many other viruses, COVID-19 appears to spread more easily between people in close quarters aboard ships,” the CDC wrote.
Find out more here
Ted Cruz, Paul Gosar Self-Quarantine Due to Possible Coronavirus Exposure
(ABC News) – Sen. Ted Cruz (R-Texas) is one of two members of Congress to announce Sunday night that he is placing himself into voluntary self-quarantine after he interacted briefly with a person who is infected by the novel coronavirus at the Conservative Political Action Conference in Maryland last month.
Cruz said the “interaction consisted of a brief conversation and a handshake” and that he is “not experiencing any symptoms.”
“Nevertheless, out of an abundance of caution … I have decided to remain at my home in Texas this week, until a full 14 days have passed since the CPAC interaction,” Cruz said in a statement shared on Twitter.
The American Conservative Union, which organized the CPAC event, announced in a statement on Saturday that a CPAC attendee had tested positive for COVID-19. While the exposure occurred before the conference, the person still attended the event and is now in the care of medical professionals in New Jersey.
Learn more here
YouTube socialist Carlos Maza Slams the Wealthy but Lived in Luxury
(NY Post) – Carlos Maza doesn’t like rich people.
The social media socialist with more than 150,000 followers on Twitter and YouTube combined regularly uses his platforms to rail against the wealthy and powerful and urges fans to be skeptical of their opinions.
“Just found out James Carville — who spends his time lecturing Democrats for being ‘too far left’ — lives in an absolutely obscene four-story mansion,” Maza said in one such example from February — blasting the longtime Democratic strategist and posting a photo of Carville’s old home to his Twitter account.
“Dear god can we STOP taking political advice from the ultra-wealthy,” he bemoaned. “You really have to respect this guy’s grift. Constantly dressing in normal clothes on TV to feign relatability [sic] while living like this. Masterful con artist”
“We should treat gay people the SAME WAY we treat straight people: Eating them when they get too rich,” he said in another post.
Like any good online socialist, Maza raises money for his internet presence through a Patreon account, where “comrades” — a word Carlos uses to describe his supporters — can fund him in increments of $2, $5 and $10 a month.
Find more here
18 shot, 1 Killed Following Fight Between Multiple Motorcycle Clubs on Cleveland’s East Side
(Cleveland Plane Dealer) – Eighteen people were shot – including one fatally – late Saturday after a large fight broke out among several motorcycle clubs on the city’s East Side, Cleveland police said.
The incident began about 11:30 p.m. Saturday outside a building on East 93rd Street, between Reno and Way avenues, Cleveland police spokeswoman Sgt. Jennifer Ciaccia said Sunday morning.
Officers arriving to the shooting discovered one person, a 48-year-old man, with multiple gunshot wounds. He was pronounced dead at the scene, Ciaccia said.
Cleveland police soon learned that other shooting victims – 17 total – had left the area and were driven to area hospitals for treatment. Those most seriously injured were taken to MetroHealth and University Hospitals, Ciaccia said.
Investigators at the scene learned that the shooting was prompted by a fight at a party with members from several different motorcycle clubs in attendance, Ciaccia said. Some people at the party were thrown out but returned to the venue firing gunshots.
Read more here

Latest News
Man Arrested for Looting Was Out on Bail for Grisly Crime

Philadelphia, a city under siege, has witnessed the arrest of over 50 individuals in a two-day crime spree, causing the demise of numerous businesses. Among those arrested is Kenneth Frye, a suspect in a recent burglary who was out on bail connected to a significant murder case from the previous year.
The city’s police department apprehended Frye for looting a Fine Wine & Good Spirits store located in West Philadelphia. Previously, Frye, who once worked as a bouncer, was charged in connection to the death of Eric Pope. It’s reported by FOX 29 that he fatally punched Pope outside Tabu Lounge in Center City. Initially charged with 3rd-degree murder, a motion has been filed by the District Attorney’s office to reduce the charge to Involuntary Murder.
This wave of criminal activity, spurred by social media, resulted in numerous arrests, involving both adults and juveniles, and is just a snapshot of the broader chaos infiltrating the city.
Charges ranging from Rioting to Burglary and Disorderly Conduct have been filed against the arrested individuals, with many arrests occurring at notable establishments such as Lululemon, T-Mobile, and Walgreens.
Arrests include:
- Aauanyae Haynes, a Black female, 19
- Sabree Young, a Black female, 31
- Steven Wells, a Black male, 26
- Traqwan Word, a Black male, 24
- Lisa Talley, a Black female, 34
- Yasmine Fields, a Black female, 23
- Kenneth Frye, a Black male, 24
- Kyreek Leak, a Black male, 21
- Reginal Alexander, Black male, 33
- Gabriel Gines, a Hispanic male, 23
- Alena Gigliotti, a White female, 26
- Petra Gonzalez, a White female, 24
- Jessica Blake, a Black female, 37
- Semaj Suber, a Black female, 29
- Aniya Taylor, a Black female, 21
- Hartzog Mashaad, a Black male, 27
- Isis Morgan, a Black female, 23
- Khalilah Green, a Black female, 21
- Ernest McCollum, a Black male, 31
- Jessica Arnold-Coit, a Black female, 30
- Quanika McQueen, a Black female, 31
- Denzel Walker, a Black male, 27
- Mikal Reed, a Black male, 26
- Tyheed Hill, a Black male, 26
- Anthony Abner, a Black male, 35
Per Fox News, three juveniles — a 14-year-old Black male, a 16-year-old Black male and a 14-year-old Black female — were also arrested for Rioting, Burglary, Disorderly Conduct, and Theft at a Lululemon store, according to the report.
This spree of destruction and lawlessness is indicative of the escalating disorder in the city, exemplified by the arrest of Frye, who, despite his involvement in a serious murder case, was back on the streets only to be implicated in further criminal activity.
The city remains in a state of turmoil as businesses struggle to recover, and residents live in the shadow of relentless criminal activity.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
Featured
One Third of the Entire Country’s Homeless Population Lives in This State

The staggering issue of homelessness looms large over California, with the state hosting nearly a third of the nation’s rising homeless population, which stands at 582,462 people according to the U.S. Department of Housing and Urban Development.
In the bustling city of San Francisco, Anthony, a former restaurant worker who has lived in a tent for three years, is just one of over 170,000 unhoused Californians.
The city’s inflated living cost, with average rent for a one-bedroom apartment being roughly $3,000 a month, starkly contrasts with its minimum wage of $18.07 an hour, leaving many like Nelly Sorto, a full-time cleaner and a mother of two, struggling to break into the rental market.
Anthony, a former chef, has experienced the vicious cycle of homelessness firsthand, stating, “Once you get behind, you just can’t get up,” to ABC News.
The economic downturn during the pandemic left many like him, striving to find a permanent home and bouncing from street to street as city officials clear their encampments.
This visible homelessness crisis is often attributed to several factors, including the high cost of living related to the tech boom and mental health issues experienced by many individuals.
Jennifer Friedenbach, executive director of the Coalition on Homelessness, said to ABC News, “California has systemic issues in terms of its housing affordability… So, what we need to do in California is really have a massive investment to offset that difference between incomes and rent.”
The rising number of encampments has sparked frustration across the state, with residents like Jeanne Vasquez expressing concern over safety and the declining quality of life in their areas.
In July, Vasquez conveyed her discontent to ABC Los Angeles, citing instances of broken glass, needles on the ground, and inappropriate behaviors exhibited by individuals dealing with mental illnesses.
To combat this escalating issue, President Joe Biden announced an investment of an extra $3 billion focusing on support services including rental assistance, legal help, and job search support, with a particular emphasis on veterans.
However, GOP presidential hopefuls like Florida Gov. Ron DeSantis and former President Donald Trump have utilized the grim reality of the homelessness crisis in blue states to critique Democratic leadership.
Trump has been vocal about his stance on “urban camping,” promising to ban it and offering rehabilitation options for violators, as mentioned in one of his campaign ads.
However, Friedenbach argues that such policies essentially criminalize the homeless and advocates for a more comprehensive approach involving the federal government investing in housing vouchers, long-term housing subsidies, and reforms in mental health and substance use treatment systems.
She believes that this crisis is a “manufactured issue” created by a “lack of investment” and calls for active listening from the federal government to truly understand and address the needs of the unhoused people.
Despite the relentless efforts of San Francisco outreach teams, many unhoused individuals either decline offers of shelter or already have shelter but cannot be compelled to come inside, as per a spokesperson for the San Francisco Department of Emergency Management.
While some, like Anthony, have been offered a place to stay, the glaring reality remains that thousands are still on the streets yearning for a place to call home, with at least 350 unhoused individuals still on the waitlist for housing in San Francisco.
The pervasive crisis necessitates immediate, profound measures and substantial investments to bridge the substantial gap between incomes and rent, and to address the systemic issues contributing to the surge in homelessness.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
Latest News
Parents in Fear as Prowler in White Van Targets Children

New London, Connecticut, is in a state of heightened alert as reports emerge of a man attempting to lure children into his white van.
The New London Police Department, in conjunction with the New London School District, is rigorously working to identify the suspect, whose latest sighting occurred near Bennie Dover Middle School.
The suspect is described as either White or Hispanic with black hair and a beard, which is either black or gray. The vehicle he’s been spotted in has tinted windows.
Residents of New London are understandably rattled.
“It makes me terrified; it makes me sick to my stomach,” expressed Mystique Elefante in a conversation with WFSB.com.
With an infant daughter of her own, Elefante vocalized her fears, stating she’s “afraid for my daughter to grow up,” amidst such unsettling reports.
For New London Police Capt. Matt Galante, the situation demands immediate attention and stringent precautionary measures. Galante advises students to maintain groups for safety and to vocally alarm others if danger is sensed.
“Scream, yell, make as loud a sound as you possibly can. Scream for help,” he told WFSB. “There are strength in numbers. We encourage kids walking home from school to walk together.”
This alarming incident has prompted a community-wide call to vigilance. Capt. Galante emphasized the urgency of alertness within the community and the role of every individual in maintaining a watchful eye.
“We wanted to get the message out to parents and the community at large that this may be happening within our community and for people to be vigilant and look for these types of events,” he mentioned to NBC Connecticut.
The New London Police Department has urged anyone with relevant information to come forward, allowing for anonymous tips to be sent to the New London Tips 411 system.
The involvement of the community is crucial in aiding the ongoing investigation to ensure the safety of the young residents of New London, as law enforcement intensifies its efforts to locate the prowler and his vehicle.
As our loyal readers, we encourage you to share your thoughts and opinions on this issue. Let your voice be heard and join the discussion below.
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