Morning Wire Border Gotaways Surge & The Dow’s Historic High | Afternoon Update | 5.16.24
May 16, 2024
The podcast dives into the surge of illegal immigration avoiding Border Patrol amid soaring tensions. It highlights the Dow Jones hitting a historic 40,000, spurred by corporate earnings and political strife. Tensions flare in Congress over access to recordings in a presidential document investigation. Criticism mounts on Harvard for inadequate responses to campus anti-Semitism linked to recent conflicts. Lastly, a Supreme Court ruling affirms the funding of the Consumer Financial Protection Bureau, impacting legal and political landscapes.
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Border Gotaways Surge
- Illegal immigrant "gotaways" have increased significantly under President Biden.
- Gotaways in just three years of Biden's presidency exceeded the total from the preceding decade.
Dow Jones Hits Record High
- The Dow Jones Industrial Average hit a record high, driven by strong earnings and optimism about interest rate cuts.
- Walmart's strong first-quarter earnings contributed to the surge.
Biden Invokes Executive Privilege
- President Biden invoked executive privilege to withhold audio recordings of his interview with Special Counsel Robert Hur from House Republicans.
- The Justice Department released the transcripts but not the audio, citing potential harm to future sensitive investigations.