Illegal 'cuts'? Trump's shocking federal money freeze causing 'chaos,' Michigan Gov. Whitmer says
Donald Trump has ordered a halt on federal funding, as he talks about lowering taxes for billionaires. Michigan Gov. Gretchen Whitmer (D) joins The ReidOut with Joy Reid to discuss this and her new book, the young adult edition of her New York Times Best Seller, "True Gretch," which is out today.
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Fox News
23 minutes ago
- Fox News
Kim Kardashian says immigrants in LA suffering 'fear and injustice' thanks to Trump immigration plan
Despite working with President Donald Trump on issues in the past, Kim Kardashian indicated on Friday she does not support his administration's immigration policy. In a recent Instagram post, the reality TV star condemned operations conducted by Immigration and Customs Enforcement (ICE), calling them "inhumane." "When we're told that ICE exists to keep our country safe and remove violent criminals — great. But when we witness innocent, hardworking people being ripped from their families in inhumane ways, we have to speak up. We have to do what's right," she stated in an Instagram story Friday. The Los Angeles native shared the post as her hometown continues to be shaken by violent anti-ICE riots that started last week in response to the federal law enforcement agency detaining illegal immigrants. DHS said ICE raids in L.A. over the weekend resulted in "hundreds of illegal aliens [being] arrested by ICE officers and agents," including "many with a criminal history and criminal convictions." Protests and clashes outside multiple locations in downtown L.A. have grown so chaotic that Trump ordered National Guard troops into the city, followed by several hundred U.S. Marines, to restore order. Some California officials, including Gov. Gavin Newsom, have accused the administration of exacerbating the situation. Despite the attacks on cops and other law enforcement officials by rioters, Kardashian argued in her post that immigrants are dealing with "fear and injustice" at the hands of the federal government. She added, "Growing up in LA, I've seen how deeply immigrants are woven into the fabric of this city. They are our neighbors, friends, classmates, coworkers, and family. No matter where you fall politically, it's clear that our communities thrive because of the contributions of immigrants. We can't turn a blind eye when fear and injustice keep people from living their lives freely and safely." "There HAS to be a BETTER way," Kardashian declared, concluding her post. The celebrity followed that post by sharing a video of pop star Doechii bashing Trump and ICE while accepting the of best female hip hop artist award at the BET Awards on Monday night. During her acceptance speech, the musician stated, "There are ruthless attacks that are creating fear and chaos in our communities in the name of law and order," she said. "Trump is using military forces to stop a protest, and I want y'all to consider what kind of government it appears to be when every time we exercise our democratic right to protest, the military is deployed against us." Despite Kardashian's harsh stance on Trump's immigration agenda, she has had a constructive relationship with him in the past. In 2019, she appeared at the White House alongside Trump to promote his criminal justice reform policies, calling them "magic." By that point, Kardashian had been at the White House several times to discuss criminal justice reform issues and successfully lobbied President Trump to pardon Alice Marie Johnson, who was serving life without parole for drug offenses. The White House did not immediately reply to Fox News Digital's request for comment.
Bloomberg
31 minutes ago
- Bloomberg
As Protests Spread, Both Parties Gird for Confrontation
This is Washington Edition, the newsletter about money, power and politics in the nation's capital. Today, senior editor Joe Sobczyk looks at the politics of the immigration protests. Sign up here and follow us at @bpolitics. Email our editors here. This is the fight President Donald Trump wanted. And, perhaps, his opponents as well
Yahoo
31 minutes ago
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Watch These Bitcoin Price Levels as Cryptocurrency Back Near Record High
Bitcoin has hovered just below its record high in recent days as economic data has been encouraging and investor risk appetite has remained strong. The cryptocurrency's price staged a decisive breakout above a flag pattern earlier this week, laying the groundwork for a new move higher. Investors should watch key overhead areas on Bitcoin's chart around $112,000 and $137,000, while also monitoring important support levels near $107,000 and $100, (BTCUSD) has rallied over the past week to approach the record high it set last month, tracking the strong performance of U.S. equities and encouraging signals about the U.S. economy. The legacy cryptocurrency moved as high as $110,400 Wednesday morning after a closely watched inflation report showed that consumer prices rose less than expected last month, good news for investors who are hoping the Federal Reserve could be in a position to cut its benchmark interest rate this year. The price of bitcoin dropped to $108,800 recently, as U.S. stocks backed off their earlier highs as well. Once a fringe financial asset dismissed by the mainstream, cryptocurrencies have gained new legitimacy this year thanks in part to the support of President Donald Trump and several allies in Congress. The price of bitcoin has also been supported by surging demand from publicly traded companies, such as Strategy (MSTR), that use proceeds from equity sales to purchase bitcoin for corporate treasuries. Meanwhile, total assets in bitcoin exchange traded funds have ballooned to $132 billion this month, up from $91 billion in early April, pointing to growing institutional interest in the cryptocurrency. Bitcoin last hit a record high, of just under $112,000, on May 22. The digital currency has gained about 16% since the start of the year, far outpacing the performance of major stock indexes. Below, we take a closer look at Bitcoin's chart and apply technical analysis to identify key price levels worth watching out for. After hitting its all-time high last month, bitcoin's price consolidated within a flag, a chart pattern that indicates a continuation of the cryptocurrency's uptrend that started in early April. Indeed, the digital asset staged a decisive breakout above the pattern earlier this week, laying the groundwork for a new move higher. Meanwhile, the relative strength index confirms bullish price momentum, though the indicator remains below overbought levels, providing ample room for further upside. In another win for bitcoin bulls, the 50-day moving average (MA) crossed above the 200-day MA last month to form a bullish golden cross signal. Let's identify two key overhead areas to watch amid the potential for further buying and also locate support levels worth monitoring during profit-taking periods. The first overhead area to watch sits around $112,000. This area on the chart will likely attract significant scrutiny near last month's peak. A move higher could see bitcoin rally toward $137,000. We projected this target by extracting the price bars comprising the cryptocurrency's uptrend that preceded the flag and repositioning them from the pattern's breakout area. We selected this prior trend as it commenced following a breakout from a pennant pattern in late April, providing clues as to how the current breakout from a period of consolidation may unfold. During profit-taking, investors should initially monitor the $107,000 level. A retest of the prominent December and January peaks may be necessary before the cryptocurrency makes a meaningful move higher. Finally, a deeper retracement could see bitcoin's price revisit the closely-watched $100,000 level. This area would likely provide support near the psychological round number and a trendline that connects a range of corresponding trading activity on the chart stretching back to last November. The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info. As of the date this article was written, the author does not own any of the above securities. Read the original article on Investopedia Sign in to access your portfolio
