The GOP's National Divorce from Big Business

Which politico will take advantage? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ The Wall Street Journal recently had an article on how the GOP and Big Business "broke up." Which Republican will be the first to take advantage of it? The fact is the alliance between corporate America and the Republican Party has been a one-sided relationship. The Republicans have been backing the Chamber of Commerce and corporate interests, but what has it gotten them? Campaign contributions are nice, but leading Democrats (especially for those who have been moderate on economic issues throughout their career, like Joe Biden) get plenty of those. Corporations were not happy about President Donald Trump. Heck, who is the only corporate supporters he has other than Goya and the My Pillow guy? In the era of "Woke Capital," Governor Ron DeSantis (who may get the nomination if President Trump is sent to jail) has built his reputation taking on Disney. Governor Gavin Newsom of California, who may get the nomination if President Biden has to pull out for some reason, is building his credibility among progressives by defending Disney. Standing up for one of the world's most powerful corporations didn't used to be considered left-wing but here we are. Donald Trump is sui generis but whoever succeeds him as the leader of the American Right will not necessarily need to be a populist if they want to win. Businessmen don't want to court controversy by backing Republicans and the traditional conservative voting base simply isn't there anymore. But in the face of this crisis, the GOP now has an open path to an economically populist platform, potentially winning new votes, especially in the Rust Belt. Thus far, I don't see anyone taking advantage of it. But politics abhors a vacuum. Maybe not this year, but eventually, someone will step up... Even if we don't know his name yet. Keep Moving, Corey Snyder Publisher, Rogue Investing WORD ON THE STREET Musk Meets With Meloni To Discuss... Birth Rates - CAVA Crushes In Debut - It's a hit. After debuting at $22 a share, Cava Group, Inc. (CAVA) almost doubled in price in a single day, ending at $43.78. The good times kept rolling after close, with the stock tacking on another 2%. - Tesla, AI, And Babies - Elon Musk and Prime Minister Giorgia Meloni of Italy met to discuss a wide variety of topics, including low birthrates. Meloni said the two leaders discussed "innovation, opportunities and risks of artificial intelligence, European market regulations, and birth rates." Italy's birth rate was just 1.25 babies per woman in 2022, well below replacement levels. Media feared Meloni's government would be "far-right" but so far she's done little to rock the boat when it comes to international trade - What Recession? - New data suggest the American economy is stronger than many expected. Jobless claims were higher than expected, but the silver lining is that could push the Fed towards a more dovish course on interest rates. Retail sales were up and factory activity in New York state showed a surprising rebound, with manufacturers in the Philadelphia region also showing strength. - No More "Junk Fees" - Live Nation, parent company of Ticketmaster, is junking "junk fees," the costs that are added at the end of purchases. The decision comes after lobbying from President Joe Biden. "Today's voluntary actions demonstrate that companies both big and small recognize the importance of providing consumers with honest, up-front-all-in pricing, rather than tricking them with surprise fees at the end of checkout," said a White House statement. HOT SPOTS: What's Going on in Geopolitics - Don't Worry, Jack Ma Is "Happy" - You wouldn't doubt a corporate leader in China, would you? Alibaba President Michael Evans said Jack Ma is "alive," "happy," and "creative," following questions about how the once high-flying executive is doing. The Chinese Communist Party humbled tech leaders with a political crackdown that ensured the Party's control over the business sector. - Bank Of Japan Pauses On Interest Rates - Bank of Japan shied away from any chance in course when it comes to its low interest rates. The central bank kept its -0.1% short-term interest rate target. It didn't shock many observers, but some are wondering how much longer this can go on. - DOJ Will Investigate Saudi Takeover Of PGA Tour - The blockbuster merger between LIV Golf and the PGA Tour suddenly looks uncertain. The Department of Justice is investigating the merger on antitrust ground. There may not be a decision for at least a year - and regulatory review could take even longer. Bank collapses, corporate bankruptcies and more. Silicon Valley is being gutted and completely reshaped. Learn how one trigger could be the key to witnessing hundreds of triple digit wins in the aftermath of [The Tech Reckoning.]( CUTTING EDGE: What[']( Happening In Tech - Bitcoin Suddenly Surges After BlackRock ETF - Bitcoin hasn't been doing well lately, but it received a surge after BlackRock filed an application for a bitcoin exchange-traded fund. If approved, the ETF will be known as iShares Bitcoin Trust. - Virgin Galactic Holdings Rockets Higher - Virgin Galactic Holdings (SPCE) was up an astonishing 43.84% in after-hours trading. Richard Branson's space tourism company said it would be offering commercial flights into space around the end of this month. "We're opening space travel to anyone who has ever wondered what is above and beyond," tweeted the company. - Microsoft Hits New Record - MSFT is at $348.10 at close and increased further in after-hours. Driven by its partnership with Open AI and ChatGPT, it's now at a record price and got a boost from JP Morgan Chase. JP Morgan Chase's price target is now $350 FOR YOUR CONSIDERATION --------------------------------------------------------------- "Nothing complicated – just a quick, fundamental analysis why I think the granddaddy of crypto will be at $30,000 by the end of this year." Ok, one more on Bitcoin. Mr. X puts it on the line - BTC will be at $30,000 by the end of 2023. Here's three quick reasons why. [3 REASONS FOR $30,000 IN 2023]( Enjoying Dawn Report? Learn something, made some money? SHARE YOUR STORY WITH US OR TELL US HOW TO SERVE YOU BETTER. Let us know at info@rogueinvesting.com You’re receiving this email because you're signed up for alerts from Dawn Report. Make sure to keep them coming by [whitelisting Rogue Investing](. The information in this email is intended for informational purposes only and does not guarantee specific results as there is a high degree of risk involved with trading. Also, our traders are real traders and may have financial interests in the companies discussed. Please see our [Terms and Conditions]( for more information. Sent to:{EMAIL} [Unsubscribe]( Rogue Investing, 721 Court St., Unit #1, Lynchburg, VA 24504, United States