Talkin’ about a new generation of Dem leaders

From Chuck Todd, Mark Murray, Ben Kamisar, Bridget Bowman and Alexandra Marquez Thursday, December 01, 2022 FIRST READ House Democrats have a generation of leaders, but they hail from the coasts  J. Scott Applewhite / AP If it's THURSDAY… President Biden holds a joint press conference with French President Macron at 11:45 am ET and then hosts a state dinner for him in the evening… House passes legislation to avert potential railroad strike… Former President Barack Obama campaigns with Sen. Raphael Warnock on the final day of early voting in GA-SEN runoff… Obama also stars in Warnock's closing runoff ad… And Sen. Mike Braun, R-Ind., files paperwork for 2024 gubernatorial bid.   But FIRST… For the first time in nearly 20 years, House Democrats have a new generation of leaders.   Rep. Hakeem Jeffries, D-N.Y., will be minority leader (he's 52 years old and the first Black lawmaker to lead a caucus in either chamber); Kathleen Clark, D-Mass., will be whip (she's 59); and Pete Aguilar, D-Calif., will be caucus chair (he's 43).   It's definitely a generational sea change from the trio of Nancy Pelosi (82), Steny Hoyer (83) and Jim Clyburn (82), who are all remaining in Congress – and Clyburn is facing a challenge for the No. 4 position in House Democratic leadership.   Democratic young guns have pined for a shot in leadership, and now they have it.   Yet it remains an awfully coastal group of leaders, given that this new generation represents New York, Massachusetts and California – at a time when the party has had its struggles in Midwest and Sun Belt.   In fact, when you combine both the Democrats' House and Senate leadership teams, both leaders (Jeffries and Chuck Schumer) are Brooklynites, while the only Midwesterner is Dick Durbin, the Senate's No. 2 leader. Chart of the day: Explaining those China protests  NBC News: These five graphics help explain the zero-Covid protests in China Data Download: The number of the day is ... 290 That's how many members of the House voted to pass a bill on Wednesday averting a looming rail strike, with 79 Republicans joining all but eight Democrats to support the measure, per the NBC News Capitol Hill team. The bill imposes a labor agreement that the White House negotiated in September ahead of a Dec. 9 strike deadline, although some unions opposed the agreement. The House also passed another bill adding seven days of paid sick leave to the deal by a much closer margin of 221 to 207. Both measures now head to the Senate.    The White House is warning that a rail strike could upend the economy, NBC News' Shannon Pettypiece reports. Transportation Secretary Pete Buttigieg told NBC News' Peter Alexander that a rail strike is "basically the same as the economy shutting down," later adding, "There's really no part of our economy that would be untouched" and calling on the Senate to approve the labor deal.   "It is our best chance to get a bill through, to get results through, that prevent that kind of shutdown. We just can't afford that kind of shutdown for our economy," Buttigieg said. Other numbers you need to know today 21 years The age gap between the Democratic caucus' Assistant Leader, South Carolina Rep. Jim Clyburn, and Rhode Island Rep. David Cicilline, who announced he would challenge Clyburn for the position in a closed door vote on Thursday. $37.7 billion The amount that Senate leaders from both parties believe Congress can allocate to supporting Ukraine in the next federal spending package. 500 hours That's how much time a court ordered two right-wing operatives to spend registering voters after they were convicted of telecommunications fraud. 6,252 The number of identities of migrants seeking protection in the U.S. that Immigrations and Customs Enforcement accidentally posted to their website. 7 The number of GOP senators threatening to delay a sweeping military authorization bill unless the Senate can vote on the military's Covid vaccine mandate, per NBC News' Julie Tsirkin and Zoë Richards. More than $10 million How much the Senate runoff could cost Georgia taxpayers, the Atlanta Journal Constitution reports. 2.9% The GDP growth in the third quarter, per an updated estimate from the Bureau of Economic Analysis.   Blog / Meet The Press  Obama stars in Warnock's closing runoff ad Georgia sets another early vote record as runoff draws near Eyes on the 2024 campaign: Trump dinner fallout continues Runoff watch: Barack Obama is back Less than a week before the Georgia Senate runoff, Democratic Sen. Raphael Warnock is getting some help from former President Barack Obama, who heads to the state today to rally with the incumbent senator. Obama — who joined Warnock on the trail ahead of his November election too — also appears in a new ad Warnock's campaign is running. And his wife, former first lady Michelle Obama, recorded robocalls for the Warnock campaign too.    Warnock's rival, Republican Herschel Walker, will campaign today with former Secretary of State Mike Pompeo as part of his "Evict Warnock Bus Tour." But as the New York Times reports, some Republicans are worried that Walker hasn't been on the campaign trail enough down the stretch. And Politico reports that Walker's strategy appears to be "avoid any more controversy" and "let trusted Republican voices do most of the talking."   Democrats still continue to pump money into the race — one top Democratic group, Georgia Honor (which is affiliated with the Senate Majority PAC), dropped another $5.83 million on Wednesday. And a partnership between Majority Forward and the America Votes Coalition said it's spending more than $11 million on field organizing and mobilization. While the efforts are part of the growing Democratic spending advantage in the runoff, the National Republican Senatorial Committee put out a memo on Wednesday where it argued that "Herschel Walker is on track to win and the Democrats know it."  Eyes on 2024: Biden takes his victory lap Roberto Schmidt / AFP - Getty Images Biden's victory lap: NBC News' Mike Memoli and Carol E. Lee report that President Joe Biden is planning post-midterm travel to places like Arizona, and an event touting Biden's work on marriage equality as a warm up for his 2024 re-election bid.    Midwestern nice: Politico reports that the chairman of Minnesota's Democratic-Farmer Labor-Party is lobbying the Democratic National Committee not to move Michigan into the early presidential nominating window. The DNC Rules and Bylaws Committee is set to discuss the nominating calendar at a meeting this weekend, but the AP reports that President Biden hasn't yet weighed in on whether to knock Iowa from the top spot.   Hogan the hero?: Outgoing Maryland Republican Gov. Larry Hogan told supporters Wednesday he'll sit down with his family "next year" to decide his political future as many expect him to mount a presidential bid.    Florida men write books: Florida Republican Gov. Ron DeSantis and Sen. Marco Rubio are both writing new books ahead of the 2024 cycle, as both men are seen as possible presidential candidates.    Braun says goodbye to the Senate: Indiana Republican Sen. Mike Braun has filed initial paperwork to run for governor. The best of Meet the Press NOW Blinken: 'We're trying to do whatever we can' to support Iranians protesting repression ICYMI: What ELSE is happening in the world? Former President Donald Trump's tax records have been turned over to House Democrats after a lengthy court battle. President Joe Biden's student debt cancellation plan remains in limbo after a federal appeals court refused to lift a hold put in place by a lower court. The January 6 committee plans to release transcripts of its interviews with witnesses ahead of the final report, which should be out by Christmas. The Department of Homeland Security raised concerns about threats to LGBTQ, Jewish and migrant communities in a new terrorism advisory bulletin. Thanks for reading. If you're a fan, please forward this to a friend. They can sign up here. We love hearing from our readers, so shoot us a line here with your comments and suggestions. Thanks, Chuck, Mark, Ben, Bridget and Alexandra FOLLOW US 30 Rockefeller Plaza New York, NY 10112 VIEW IN BROWSER | UNSUBSCRIBE | MANAGE SUBSCRIPTION | CONTACT | PRIVACY VIEW IN BROWSER | UNSUBSCRIBE | MANAGE SUBSCRIPTION | CONTACT | PRIVACY

Folks, we're officially in the final month of the year... That means scores of investors are in the process of making a rookie mistake.

This Strategy Will Go Stale in One Month By Karina Kovalcik, senior quantitative analyst, Chaikin Analytics Folks, we're officially in the final month of the year... That means scores of investors are in the process of making a rookie mistake. Next April, they'll do their taxes. And they'll realize they owe money to the government. But the good news is that it might not have to be that way... It all comes down to how you manage your losses. And more specifically, it involves getting the highest potential tax benefit out of those losses. It's easy to get excited about winning trades. We're all happy to make money, after all. But when it comes to losses... Investors will do just about anything to avoid dealing with a losing trade. And often that means letting losing positions languish for months – or sometimes even years. Fortunately, one solution is fairly straightforward. It's called "tax-loss selling." In short, it's time for us to crunch the numbers and see how much we expect to owe in taxes. With that knowledge, we can take some strategic losses to decrease our tax burden. And interestingly, this year presents a special opportunity for tax-loss selling... Recommended Links: This is what I'll tell the Pentagon next week While everyone's worried about inflation, cryptocurrencies, and a looming recession, professor and forensic accountant Joel Litman plans to deliver an even more surprising warning when he meets with top military brass at the Pentagon in just a few days. Here's what Joel thinks you should really worry about in 2023. The No. 1 Way to Save Your Portfolio Before 2023 Crypto is a bloodbath. Gold and silver have languished. Now real estate is tanking, too. The government sure as heck won't rescue you. But this little-known "recession loophole" could save your portfolio and retirement accounts. It's worked for close to a century. You'll be ASTONISHED at the proof, right here. No one needs me to tell them that 2022 was a brutal year in the markets. So like it or not, I'm sure some folks are sitting on some sizable losses right now. If that's you, don't waste time being unsure about what to do or holding onto your losers even longer. Instead, use it as an opportunity to pay fewer taxes. Start by checking your portfolios. Look for your year-to-date tax burden. A lot of brokerages will allow you to see that figure. But if you can't easily find it, call and ask how to get it. If your tax burden is positive (meaning you'll owe capital-gains taxes), consider selling some of your larger, longer-term losers that you haven't been sure how to handle. By doing that, you'll owe less money in taxes. If your tax burden is negative, you still want to be realistic... Last December, I explained how a 20% loss takes a 25% gain to get back to breakeven. So is there a realistic shot that the stock will rebound like that? If not, cut your losses. I know it hurts to realize losses. But it's always good to avoid paying the government more than needed. That's why this strategy is great to remember if you're sitting on some losers. And please note... if you're unsure about how to handle any of your investments, call your tax preparer. They'll ensure that you're making the most tax-effective decisions you can. The bottom line is simple... Clean up your portfolios while you still can. Don't obsess about your losers. Instead, use the opportunity to decrease your tax burden. This time of year, tax-loss selling is your friend. Good investing, Karina Kovalcik Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 +2.27% 10 18 2 S&P 500 +3.08% 175 256 68 Nasdaq +4.56% 36 47 17 Small Caps +2.68% 644 854 388 Bonds +0.74% Information Technology +5.02% 27 40 8 — According to the Chaikin Power Bar, Large Cap stocks and Small Cap stocks are Bullish.. Major indexes are mixed. *  *  *  * Top Movers Gainers EL +9.70% NFLX +8.74% HPE +8.54% ETSY +8.38% NVDA +8.24% Losers NTAP -5.82% CRL -4.56% HRL -2.47% PXD -1.99% MPC -1.34% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close DG ULTA, VEEV PATH, SMAR CHPT, MRVL, ZS No earnings reporting today. Earnings Surprises SNOW Snowflake Inc. Q3 $0.01 Beat by $0.02 CRM Salesforce, Inc. Q3 $1.40 Beat by $0.18 SNPS Synopsys, Inc. Q4 $2.10 Beat by $0.06 HRL Hormel Foods Corporation Q4 $0.51 Beat by $0.01 *  *  *  * Sector Tracker Sector movement over the last 5 days Discretionary +2.54% Communication +2.04% Health Care +1.97% Real Estate +1.74% Staples +1.30% Utilities +1.28% Information Technology +1.18% Financial +0.89% Industrials +0.80% Materials +0.42% Energy -1.15% *  *  *  * Industry Focus NYSE Technology Services 12 18 5 Over the past 6 months, the NYSE Technology subsector (XNTK) has underperformed the S&P 500 by -7.33%. However, its Power Bar ratio, which measures future potential, is Strong, with more Bullish than Bearish stocks. It is currently ranked #9 of 21 subsectors and has moved up 3 slots over the past week. Top Stocks JD JD.com, Inc. BABA Alibaba Group Holdin NFLX Netflix, Inc. *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at STEVENMAGALLANES520.NIMS@BLOGGER.COM. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2022 Chaikin Analytics, LLC. All rights reserved. Any reproduction, copying, or redistribution, in whole or in part, is prohibited without written permission from Chaikin Analytics, LLC. 201 King Of Prussia Rd., Suite 650, Radnor, PA 19087. www.chaikinanalytics.com. Any brokers mentioned constitute a partial list of available brokers and is for your information only. Chaikin Analytics, LLC, does not recommend or endorse any brokers, dealers, or investment advisors. Chaikin Analytics forbids its writers from having a financial interest in any security they recommend to our subscribers. All employees of Chaikin Analytics, LLC (and affiliated companies) must wait 24 hours after an investment recommendation is published online – or 72 hours after a direct mail publication is sent – before acting on that recommendation. This work is based on SEC filings, current events, interviews, corporate press releases, and what we've learned as financial journalists. It may contain errors, and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.