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Wednesday, July 26, 2023

7/26 WAKE-UP CALL: UPS Strike Averted

UPS and the Teamsters reached an agreement on a new five-year contract. The deal averted a potential strike by roughly 330,000 package delivery drivers and package sorters that could have impacted many companies’ supply chains. (UPS moves approximately 5% of the nation’s gross domestic product—or roughly $3.8 billion of goods every day, according to the U.S. Chamber of Commerce.) The UPS-Teamsters contract, the largest collective-bargaining agreement involving a private employer in North America, was worth around $30 billion, the labor union said. Employees still have to ratify the agreement.

➤U-S STOCKS RISE: U.S. stocks have risen as Wall Street dials back its recession forecasts, but some investors aren’t ready to give the all-clear yet. They point to worrying economic signals, lofty equity valuations and the possibility that the Fed continues raising interest rates or keeps them elevated longer than the market anticipates. The central bank is expected to raise rates by a quarter percentage point tomorrow. On the other hand, the S&P 500 has advanced 19% this year even as analysts expect 2023 corporate earnings to barely inch up. The Dow Jones Industrial Average recorded its 12th consecutive day of gains today, rising 0.1%, while the S&P 500 and the tech-heavy Nasdaq Composite climbed 0.3% and 0.6%, respectively.

➤RUSSIAN FIGHTER DAMAGES U-S DRONE OVER SYRIA: A Russian jet fighter damaged a U.S. drone over Syria. The plane released flares close to the MQ-9 Reaper, which was able to return to its base Sunday morning local time, according to the U.S. military. This follows similar confrontations officials say are part of Moscow’s campaign to pressure Washington to limit military operations in the region.

➤SUPPORT TICKS-UP FOR RAMASWAMY: Biotech entrepreneur Vivek Ramaswamy is seeing his support tick up in the Republican presidential primary against former President Trump and Florida Gov. Ron DeSantis, according to a Harvard CAPS-Harris Poll survey released Monday. When respondents were asked whom they would vote for if the GOP presidential primary were today, 52 percent said Trump, 12 percent said DeSantis and 10 percent said Ramaswamy.  Trump lost 7 percentage points and Ramaswamy gained 8 points compared to the most recent survey before Monday. 

When respondents were asked whom they would vote for in the GOP primary if Trump decided not to run, DeSantis sat at 29 percent — a decrease of 12 points from the previous survey — while Ramaswamy stood at 19 percent, an increase of 12 points. Former Vice President Mike Pence received 13 percent. The Harvard CAPS-Harris Poll survey suggests Ramaswamy may be getting a second look from voters as DeSantis looks to revamp his campaign. The Florida governor has so far struggled to make inroads in polling against Trump.


➤FED JUDGE ISSUES SETBACK FOR TWH: A federal judge in California struck down a new Biden administration policy that sought to limit the number of migrants seeking asylum at the U.S.-Mexico border, delivering a major blow to the White House's efforts to stem migration. U.S. District Court Judge Jon Tigar of the Northern District of California ruled Tuesday on behalf of immigrant rights groups, which challenged a Biden policy requiring migrants heading to the U.S. border to first seek protection in Mexico before attempting to do so in the U.S. Creating additional requirements to seek asylum, the judge said in the 35-page order, violates federal law that allows anyone in the U.S. to apply for asylum regardless of their immigration status.

➤BIDEN MAKES CONFUSING CANCER STATEMENT: Joe Biden made some interesting parallels and claims during an event on mental healthcare on Tuesday, saying that he contributed to 'ending cancer as we know it.' He seemed perplexed during his remarks by the idea that a broken arm and a mental breakdown are treated differently by American society - and said there is 'no distinction' between the two in his mind. The President made clear during his remarks from the East Room on Tuesday that his goal is to end the stigma around mental illness by giving Americans the tools to reach out when they need help.

➤DOG STRESSED AT TWH: That’s the Biden administration’s explanation for why the president’s German shepherd Commander bit at least seven Secret Service members in recent months — sending one protective officer to the hospital. “The White House complex is a unique and often stressful environment for family pets, and the First Family is working through ways to make this situation better for everyone,” first lady Jill Biden’s spokeswoman Elizabeth Alexander said in a statement. 

White House press secretary Karine Jean-Pierre refused to give additional information when confronted with questions at her regular press briefing Tuesday — declining to say if Commander bit anyone aside from Secret Service members or if he attacked anyone outside a four-month period chronicled in documents acquired by Judicial Watch through Freedom of Information Act litigation. Commander, approximately 23 months old, replaced former first dog Major — another German shepherd who also bit many Secret Service members. 

➤NO MEGA WINNER: The winning numbers drawn Tuesday night were 3, 5, 6, 44 and 61 with a Mega ball of 25. The Megaplier was 4X. While no one claimed the big bucks, two tickets did match all five white balls to win the game's second-tier prize of $1 million – and one of them included the Megaplier option, resulting in a $4 million win. 

🏀BRONNY 'STABLE' AFTER CARDIAC ARREST: LeBron James is 'scared and devastated' following his son Bronny's cardiac arrest during USC practice, friends have revealed. The 18-year-old basketball protégé was rushed to hospital and admitted to ICU after collapsing at USC's Galen Center on Monday, his family confirmed today. LeBron is 'making sure he gets the best care possible' and has entered 'full Dad mode and is protecting his son in any way he can,' a source told DailyMail.com. Cardiologists have warned that Bronny's career - which was only just beginning following his high school graduation - could already be over.

Dr Christopher Tanayan told DailyMail.com: 'If they find something that puts him at a high risk for sudden death then that ... may make or break his career.' The NY-based sports cardiologist said that a large proportion of cardiac arrest cases in athletes are caused by a condition known as hypertrophic cardiomyopathy which predisposes the heart to abnormal rhythms. He said if this is found to be the cause then Bronny's career could be on the line because this puts him at a 'high risk of sudden death.'  

⚾MLB METS 9 YANKEES 3: Rookie catcher Francisco Álvarez was removed in the ninth after getting hit on the hand by a 97 mph pitch from Albert Abreu. Umpires ruled Álvarez swung at the pitch for strike three and still called him out as the New York Mets beat the New York Yankees 9-3 on Tuesday night in their Subway Series opener.

Pete Alonso also homered twice and drove in a season-high five runs, while Justin Verlander pitched six shutout innings before being sat down in the victory. Jeff McNeil had three RBI and Francisco Lindor added three hits and three runs for the disappointing Mets (47-53), hoping for a big week that might persuade ownership not to sell at the Aug. 1 trade deadline.

⚾RED SOX 7, BRAVES 1: Nick Pivetta pitched five scoreless innings of relief, Masataka Yoshida hit a two-run homer and the Boston Red Sox overcame a triple play to beat the Atlanta Braves 7-1  in a game delayed 1 hour, 40 minutes by rain and lightning.

Yoshida's two-run shot to right in the eighth was his third hit of the night, and eight Boston hitters finished with at least a hit in the Red Sox's third straight win. 

⚾PHILLIES 4, ORIOLES 3:  Alec Bohm followed Bryson Stott´s two-out, tying RBI double to right field in the ninth inning with a winning RBI single, rallying Philadelphia past AL-leading Baltimore. Yennier Cano (1-2) allowed a one-out single to Bryce Harper - who had tied the game for the Phillies at 2l in the sixth with a solo homer - and got the second out before he gave up Stott´s sharp double. J.T. Realmuto reached on an infield single off a chopper to shortstop that Jorge Mateo struggled to get out of his glove and made a late throw, extending the inning. Bohm singled to left past a drawn-in infield and Phillies fans erupted after the comeback victory.

⚾MLB SCORES

  • Rays 4 Marlins 1
  • Angels 7 Tigers 6
  • Nationals 6 Rockies 5
  • Guardians 5 Royals 1
  • Mariners 9 Twins 7
  • Cubs 7 White Sox 3
  • Reds 4 Brewers 3
  • Astros 4 Rangers 3
  • Padres 5 Pirates 1
  • D-Backs 3 Cardinals 1
  • Giants 2 Athletics 1
  • Dodgers 8 Blue Jays 7


⚾MLB RED SOX DEAL HERNANDEZ: Kiké Hernández, a central part of the Red Sox over the last three seasons, has been traded back to the Dodgers — the team with whom he spent six years before coming to Boston. The Sox sent Hernández back to Los Angeles in exchange for a pair of Triple A relievers. The Red Sox also sent $2.5 million to the Dodgers in the deal, the majority of the remaining roughly $3.6 million that Hernández will be paid this year.

🏈HERBERT HIGHEST PAID EVER IN NFL: Justin Herbert is going to be in Los Angeles for the foreseeable future, and he's now the highest-paid player in the NFL. The Chargers and Herbert agreed to a five-year, $262.5 million extension that keeps the franchise quarterback in Los Angeles through the 2029 season. Herbert’s long-term extension was inevitable after the Chargers exercised his fifth-year option in April. His new contract is the largest ever in Chargers’ franchise history and his deal makes him the highest-paid quarterback in NFL history based on average annual value ($52.5 million).

🏈SOURCES: COWBOYS, CB TREVON DIGGS SIGNS 5-YEAR $97M EXTENSION: The Dallas Cowboys signed two-time Pro Bowl cornerback Trevon Diggs to a five-year extension that sources said is worth $97 million and includes a $21.25 million signing bonus. Diggs is guaranteed $42.3 million.

🏀JAYLEN BROWN, CELTICS AGREE TO RECORD 5-YEAR, $304M SUPERMAX EXTENSION: Boston Celtics star Jaylen Brown has agreed to sign the richest deal in NBA history, a five-year $304 million supermax contract extension, his agent, Jason Glushon said. Brown and Glushon met with Celtics management and ownership Sunday evening in Boston, finalizing the remaining elements of the historic deal that keeps the two-time All-Star under contract through the 2028-29 season

➤STUDY: THE HEAT CAUSED BY CLIMATE CHANGE: The extreme heat blanketing the southern regions of the U.S., Mexico, and Europe this month would have been nearly impossible without the warming effects of human-induced climate change, according to a study released Tuesday by a group of European scientists who carry out rapid assessments of extreme weather events. The study by World Weather Attribution, a group of researchers based in London and the Netherlands, found that three separate heat waves in July across the Northern Hemisphere were made much worse because of decades of fossil-fuel emissions that have raised the planet’s average temperature by 2 degrees Fahrenheit since the late 19th century. 



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