logo
Trump not on ballot but president influences Tuesday's high-stakes primary

Trump not on ballot but president influences Tuesday's high-stakes primary

Yahoo9 hours ago

Virginia, one of only two states to hold gubernatorial elections this year, conducts high-profile primaries on Tuesday that may grab national attention.
Voters in Virginia, a competitive state in American political elections, will cast Democrat and Republican primary ballots for governor, lieutenant governor, attorney general and for state lawmakers in the House of Delegates.
And while President Donald Trump isn't on the ballot, his sweeping and controversial agenda has been a key part of the conversation on the Virginia campaign trail.
Trump's Department of Government Efficiency, better-known by its acronym DOGE, has been on a mission to chop government spending and cut the federal workforce.
This Republican Woman May Become The Nation's First Black Female Governor
The moves by DOGE, which until last month was steered by Elon Musk, the world's richest person, have been acutely felt in suburban Washington's heavily populated Northern Virginia, with its large federal workforce.
Read On The Fox News App
"The policies of DOGE have hit northern Virginia hard," Dave Richards, political science chair at the University of Lynchburg, noted.
Trump's name and his policies have been front-and-center on the Virginia campaign trail in recent weeks. That's fueled strong turnout in the Democratic Party contests in the 45 days of early voting leading up to primary day as the candidates have pledged to fight the president's agenda.
"Over 189,000 Virginians cast their ballots early in the Democratic primaries. 189,000!!!!" the state Democratic Party touted in a social media post on the eve of primary day.
The healthy turnout comes despite there being no drama at the top of the ticket.
The race for governor has already been set, between Republican gubernatorial nominee Lt. Gov. Winsome Earle-Sears and former Rep. Abigail Spanberger.
But the winner in November will make history as Virginia's first female governor. And if Sears comes out on top, she'll become the nation's first Black woman to win election as governor. Virginia elected its first Black governor, L. Douglas Wilder, in 1989.
Trump-backed Favorite Ciattarelli Wins New Jersey Gop Gubernatorial Primary
Incumbent Republican Gov. Glenn Youngkin, who has a large national profile, is prevented from running for re-election as Virginia's constitution doesn't allow sitting governors to seek consecutive terms.
Republicans have already decided their nominations for lieutenant governor and attorney general, so all the action down ballot is among the Democrats.
The GOP's lieutenant governor nominee is former radio host John Reid, who, if elected, would be Virginia's first openly gay lieutenant governor.
The six Democrats running to face off in November with Reid are, in alphabetical order, attorney Alex Bastani, state Sen. Ghazala Hashmi, chair of the Prince William County school board Babur Lateef, state Sen. Aaron Rouse, federal prosecutor and law professor Victor Salgado, and former Richmond Mayor Levar Stoney.
The Republican nominee for attorney general is incumbent Jason Miyares. Two Democrats, former state lawmaker and former Washington, D.C., Assistant Attorney General Jay Jones and Henrico County Commonwealth's Attorney Shannon Taylor, are running to face off with Miyares in November.
While Republicans currently control all three statewide offices, Democrats hold slim majorities in both chambers of the state legislature. All 100 seats in the House of Delegates - which the Democrats control 51-49 - are up for grabs in November.
Kyle Kondik, the managing editor of the non-partisan political handicapper Sabato's Crystal Ball at the University of Virginia Center for Politics, highlighted that "the gubernatorial race will really help set the tone for the other statewide races and the race for the House of Delegates."
And Richards noted, "the Republican ticket is very diverse, and the results of the Democratic primary will determine how diverse the democratic ticket is."
Virginia's primaries are likely to grab attention, as it and New Jersey - which held primaries last week - are the only two states to hold gubernatorial showdowns in the year following a presidential election.
And the results are also seen as a precursor to the following year's midterm elections, when Republicans will be defending their House and Senate majorities, and 36 states will hold elections for governor.
Republicans swept the elections for governor, lieutenant governor, and attorney general in Virginia four years ago, breaking a 12-year losing streak to the Democrats.
And while Republicans haven't carried the Commonwealth in a White House contest since 2004, Trump only lost the state by six points in last November's presidential election, a four-point improvement from his 2020 defeat.
But Republicans will be facing historical headwinds this November. With only one exception since 1977, the party that holds the White House loses Virginia's gubernatorial election.Original article source: Trump not on ballot but president influences Tuesday's high-stakes primary

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Broadcom's 340% Rally Has Wall Street Debating If It's Magnificent Seven Material
Broadcom's 340% Rally Has Wall Street Debating If It's Magnificent Seven Material

Yahoo

time13 minutes ago

  • Yahoo

Broadcom's 340% Rally Has Wall Street Debating If It's Magnificent Seven Material

(Bloomberg) — For more than two years, conversations about the biggest, most important technology companies have revolved around the same seven stocks. Now, some on Wall Street are making the case that Broadcom Inc. should be part of that discussion. Security Concerns Hit Some of the World's 'Most Livable Cities' How E-Scooters Conquered (Most of) Europe JFK AirTrain Cuts Fares 50% This Summer to Lure Riders Off Roads Taser-Maker Axon Triggers a NIMBY Backlash in its Hometown Relentless spending on artificial intelligence computing gear has juiced the chipmaker's revenue and profits, driving a more than 340% rally since the start of 2023 and vaulting it into an elite cohort of stocks with a market value of at least $1 trillion. Meanwhile, Tesla Inc. — one of the original so-called Magnificent Seven stocks — has tumbled 22% this year as Chief Executive Officer Elon Musk's foray into US politics sparked a backlash against the electric vehicle maker. Broadcom, on the other hand, is expected to see its sales jump 22% in fiscal 2025 and 21% in fiscal 2026, according to analyst estimates compiled by Bloomberg. That growth is second only to Nvidia Corp. in the Magnificent Seven, which includes Inc. (AMZN), Microsoft Corp. (MSFT), Meta Platforms Inc. (META) and Alphabet Inc. (GOOG, GOOGL) Tesla's revenue, by contrast, is expected to shrink 1% this year. 'Broadcom (AVGO) would be a fair substitute for Tesla (TSLA),' according to Michael O'Rourke, chief market strategist at Jonestrading, who was among the first to use the Magnificent Seven moniker in early 2023. 'Simultaneously we have witnessed Broadcom's business grow with the AI space while Tesla's core business has been challenged.' The Magnificent Seven caught on as the group powered the S&P 500 higher beginning at the start of 2023. The gains were fueled by the companies' dominant market positions that generated strong revenue and profit growth. However, the stocks have diverged in recent months amid uncertainty brought by US President Donald Trump's tariff policies and other individual concerns. Four of the seven names are down year to date, with Apple the biggest laggard as investors worry about its AI strategy and exposure to China. Broadcom boasts a wide range of businesses, from wifi and bluetooth chips used in iPhones to server virtualization and cybersecurity software following a string of acquisitions orchestrated by Chief Executive Officer Hock Tan over almost two decades. However, it's Broadcom's custom chip design and networking semiconductor businesses that are driving its revenue growth and making the company a big beneficiary of AI spending. Its shares have seen a modest 8% rise in 2025 — after doubling in each of the prior two years — giving it a market capitalization of $1.2 trillion and making the company the seventh most valuable in the S&P 500 Index (^GSPC), topping Tesla and Berkshire Hathaway Inc. (BRK-B, BRK-A) 'Based on future business prospects, based on operating results recently, expectations going forward and returns in the stock over the last couple of years, you could definitely make the case that Broadcom belongs in that group,' said Michael Cuggino, president and portfolio manager of Permanent Portfolio Family of Funds, which holds Broadcom. Of course, that growth comes at a steep cost. Broadcom shares trade at about 33 times forward earnings, a premium to the broader market and most of the Magnificent Seven companies. That may explain why the stock has been under pressure since the company's earnings report earlier this month in which results failed to impress investors after a more than 75% gain from an April low. To be sure, like its predecessor Faang, the Magnificent Seven is simply a catchy way of referring to a group of stocks that are part of a trend. In that spirit, some argue Tesla should still be a part of the conversation. 'If the purpose of looking at the Magnificent Seven is to focus on the companies that are creating significant structural change via AI, then you wouldn't kick out Tesla because they're right in the middle of that as well, especially in terms of robotics,' said Mark Werner, a portfolio manager at Laffer Tengler Investments Inc., which holds both stocks. 'Why can't we just make it the Magnificent Eight?' Top Tech Stories President Donald Trump is extending for a third time the deadline for Chinese company ByteDance Ltd. to divest the American operations of TikTok, allowing the social media app to keep running in the US while negotiations proceed. Taiwan joined a yearslong US campaign to curtail China's technological ascent when it blacklisted the country's AI and chipmaking champions, an unprecedented step that may signal a resurgent effort to isolate its powerful neighbor's semiconductor sector. The European Union escalated a probe against Alibaba Group Holding Ltd.'s e-commerce service AliExpress, accusing it of failing to tackle the spread of illegal products on its platform. Inc. founder Richard Liu vowed to speed an overseas foray and compete with Meituan in new arenas from food delivery to travel, describing his boldest attempt yet to revive an online retailer that's languished since a 2020 government crackdown. Nintendo Co. shares rallied the most in two months to a fresh record as investors increased their focus on the firm's strong sales growth as a shelter from global volatility. Earnings Due Wednesday No major earnings expected Ken Griffin on Trump, Harvard and Why Novice Investors Won't Beat the Pros Mark Cuban Has Done Sports, Reality TV and Now Health Care. Why Not US President? How a Tiny Middleman Could Access Two-Factor Login Codes From Tech Giants American Mid: Hampton Inn's Good-Enough Formula for World Domination The Spying Scandal Rocking the World of HR Software ©2025 Bloomberg L.P. By subscribing, you are agreeing to Yahoo's Terms and Privacy Policy Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Tesla Stock plummets as Austin Factory Shuts Down Cybertruck Line
Tesla Stock plummets as Austin Factory Shuts Down Cybertruck Line

Yahoo

time25 minutes ago

  • Yahoo

Tesla Stock plummets as Austin Factory Shuts Down Cybertruck Line

June 18 - Tesla (NASDAQ:TSLA) shares fell nearly 4% on Tuesday after reports surfaced of a temporary production halt at its Austin, Texas facility, dampening investor sentiment ahead of the company's highly anticipated Robotaxi launch. The stock has declined about 22% so far this year. According to Business Insider, Tesla plans to suspend manufacturing of its Cybertruck and Model Y models for a week starting June 30. The company reportedly told employees the downtime would allow for maintenance and upgrades on the production lines. No details were provided on which areas may see output improvements. This marks at least the third production pause for Tesla in 2025. The EV maker has been under pressure following disappointing first-quarter results and increasing competition in the global electric vehicle market. Investor concerns have also been fueled by CEO Elon Musk's political ties and recent public disputes. Meanwhile, Tesla is preparing to roll out a pilot version of its Robotaxi service in Austin on June 22. The initiative will use Model Y vehicles equipped with the company's latest Full Self-Driving software. Local groups have voiced opposition to the program, citing safety and transparency concerns. Separately, Wells Fargo issued a downbeat outlook on Tesla's second-quarter performance. Analyst Colin Langan warned that deliveries would need to jump over 50% in June to meet Wall Street targets. He also forecast a $1.9 billion free cash flow deficit for the year and slashed his price target to $120, reflecting a possible 62% downside. Based on the one year price targets offered by 43 analysts, the average target price for Tesla Inc is $289.30 with a high estimate of $500.00 and a low estimate of $19.05. The average target implies a downside of -8.55% from the current price of $316.35. Based on GuruFocus estimates, the estimated GF Value for Tesla Inc in one year is $269.36, suggesting a downside of -14.85% from the current price of $316.35. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Trump Deploys 2,000 More National Guard Troops to Los Angeles
Trump Deploys 2,000 More National Guard Troops to Los Angeles

Bloomberg

time37 minutes ago

  • Bloomberg

Trump Deploys 2,000 More National Guard Troops to Los Angeles

The Trump administration activated 2,000 additional National Guard soldiers in California, even as the state's governor clashes with the White House over deploying troops. US Northern Command said in a statement Wednesday that Defense Secretary Pete Hegseth is directing the troops to protect federal functions, personnel and property in Los Angeles. US Northern Command said the members will not conduct law enforcement, and are completing training on 'de-escalation, crowd controls and use of the standing rules for use of force' ahead of joining other soldiers.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store