Author

admin

Browsing

Secretary of State Marco Rubio is hammering Venezuelan dictator Nicolás Maduro on Sunday as the South American country holds municipal elections to fill hundreds of mayoral positions and thousands of council seats.

The municipal contests are happening one day before the one-year anniversary of Venezuela’s presidential election, which was widely condemned by the United States and other international observers as illegitimate. The Trump administration, meanwhile, has been escalating pressure against Maduro in recent days, as Treasury Secretary Scott Bessent on Friday accused the foreign head of state of being the leader of an entity aiding terrorism against the U.S. 

‘One year since dictator Nicolás Maduro defied the will of the Venezuelan people by baselessly declaring himself the winner, the United States remains firm in its unwavering support to Venezuela’s restoration of democratic order and justice,’ Rubio said in a statement on Sunday. ‘Maduro is not the President of Venezuela and his regime is not the legitimate government.’

‘Maduro is the leader of the designated narco-terrorist organization Cartel de Los Soles, and he is responsible for trafficking drugs into the United States and Europe,’ Rubio continued. ‘Maduro, currently indicted by our nation, has corrupted Venezuela’s institutions to assist the cartel’s criminal narco-trafficking scheme into the United States.’

The Justice Department charged Maduro and 14 other former and current Venezuelan officials with narco-terrorism, corruption, drug trafficking and other criminal charges in March 2020. At the start of this year, 10 days before President Donald Trump returned to office, the State Department increased its reward for information leading to Maduro’s capture from $15 million to up to $25 million. 

‘For years, Maduro and his cronies have manipulated Venezuela’s electoral system to maintain their illegitimate grip on power,’ Rubio added on Sunday. ‘By scheduling the municipal elections on the eve of the anniversary of the stolen July 28 presidential election, the regime once again aims to deploy the military and police to suppress the will of the Venezuelan people.’

‘The United States will continue working with our partners to hold accountable the corrupt, criminal and illegitimate Maduro regime. Those who steal elections and use force to grasp power undermine America’s national security interests,’ Rubio said. 

Maduro became the Venezuelan president in 2013, but the U.S. has not recognized his presidency since 2019. The U.S. and other countries have refused to recognize Maduro as the winner of the July 2024 Venezuelan election, citing widespread fraud. 

The Treasury Department on Friday sanctioned the Cartel de los Soles, also known as Cartel of the Suns, as a ‘Specially Designated Global Terrorist.’ The U.S. alleges that Cartel de los Soles is headed by Maduro and other Venezuelan high-ranking individuals in his regime ‘who corrupted the institutions of government in Venezuela, including parts of the military, intelligence apparatus, legislature, and the judiciary, to assist the cartel’s endeavors of trafficking narcotics into the United States.’ 

The U.S. claims the Venezuela-based group provides material support to Tren de Aragua and the Sinaloa Cartel. The Trump administration classified Tren de Aragua and the Sinaloa Cartel as foreign terrorist organizations in February. 

According to the Treasury Department, the name Cartel de los Soles is derived from the sun insignias often portrayed on the uniforms of Venezuelan military officials. 

The cartel ‘supports Tren de Aragua in carrying out its objective of using the flood of illegal narcotics as a weapon against the United States,’ according to the Treasury Department. 

Bessent said on Friday that the new action ‘exposes the illegitimate Maduro regime’s facilitation of narco-terrorism through terrorist groups like Cartel de los Soles.’

‘The Treasury Department will continue to execute on President Trump’s pledge to put America First by cracking down on violent organizations including Tren de Aragua, the Sinaloa Cartel, and their facilitators, like Cartel de los Soles,’ he added. 

This post appeared first on FOX NEWS

Sen. Elissa Slotkin, D-Mich., believes it’s ‘weird’ that the Trump administration has not released documents related to Jeffrey Epstein, but at one point, it was the last thing on her mind.

Democrats have searched for an opening to sharpen their messaging against Republicans, and have pounced on the administration and their colleagues across the aisle to release the documents. But Republicans have questioned why their counterparts didn’t have the same energy when former President Joe Biden was in office.

In a recent interview on PBS’ ‘Firing Line,’ Slotkin, who has emerged as a leading voice in the Democratic Party, said that while she did not know what was in the documents, it was odd that President Donald Trump and his administration had not released them.

‘The president and his allies have created so much anticipation about these files at this point, it’s just weird that they’re not releasing them, right? The president fomented this,’ she said.

But nearly five years ago, ahead of Biden’s eventual victory and a Democratic trifecta in Washington, the issue of Epstein was not a priority for the lawmaker, who at the time was in her first term in the House.

In a video from 2020 obtained by Fox News Digital, Slotkin said that diving into the connections between former President Bill Clinton and Epstein were not ‘front of mind.’

The sentiment came in response to a question about why there had been little mention of allegations that Clinton was in the trove of documents related to Epstein. She argued that there were more pressing issues at the time, like the ongoing COVID-19 pandemic and the economic fallout spurred by it.

‘In the face of those problems, I will be honest, I don’t spend a ton of time looking into connections between Bill Clinton and other people, because that doesn’t help my constituents every single day, right? And my job is to focus on those issues,’ she said.

‘I have no special knowledge of those issues, but my job is to focus on the things that affect people’s pocketbooks and their kids, and if I’m not making positive progress towards that, I’m not doing my job,’ she continued. ‘And so, I can’t answer your question, because that’s not where I live and where I focus.’

Fox News Digital reached out to Slotkin for comment for this report but did not hear back.

Congressional Democrats, and some Republicans, have pushed for more transparency from the Trump administration on the release of a trove of documents, known as the so-called Epstein files, in a saga that has engulfed Capitol Hill for much of July.

The furor in Congress stemmed from a Justice Department memo released earlier this month that declared the Epstein case closed, and has not lost steam in the time since.

Epstein intrigue paralyzed the House, causing House Speaker Mike Johnson, R-La., to send lawmakers home early as a bipartisan swell grew to uncover the documents. 

The Senate has been less chaotic. Still, Senate Democrats have ramped up their messaging against the administration, while many Senate Republicans would prefer to focus their attention elsewhere. 

This post appeared first on FOX NEWS

The S&P 500 ($SPX) just logged its fifth straight trading box breakout, which means that, of the five trading ranges the index has experienced since the April lows, all have been resolved to the upside.

How much longer can this last? That’s been the biggest question since the massive April 9 rally. Instead of assuming the market is due to roll over, it’s been more productive to track price action and watch for potential changes along the way. So far, drawdowns have been minimal, and breakouts keep occurring. Nothing in the price action hints at a lasting change — yet.

While some are calling this rally “historic,” we have a recent precedent. Recall that from late 2023 through early 2024, the index had a strong start and gave way to a consistent, steady trend.

From late October 2023 through March 2024, the S&P 500 logged seven consecutive trading box breakouts. That streak finally paused with a pullback from late March to early April, which, as we now know, was only a temporary hiccup. Once the bid returned, the S&P 500 went right back to carving new boxes and climbing higher.

New 52-Week Highs Finally Picking Up

If there’s been one gripe about this rally, it’s that the number of new highs within the index has lagged. As we’ve discussed before, among all the internal breadth indicators available, new highs almost always lag — that’s normal. What we really want to see is whether the number of new highs begins to exceed prior peaks as the market continues to rise, which it has, as shown by the blue line in the chart below.

As of Wednesday’s close, 100 S&P 500 stocks were either at new 52-week highs or within 3% of them. That’s a strong base. We expect this number to continue rising as the market climbs, especially if positive earnings reactions persist across sectors.

Even when we get that first day with 100+ S&P 500 stocks making new 52-week highs, though, it might not be the best time to initiate new longs.

The above chart shows that much needs to align for that many stocks to peak in unison, which has historically led to at least a short-term consolidation, if not deeper pullbacks — as highlighted in yellow. Every time is different, of course, but this is something to keep an eye on in the coming weeks.

Trend Check: GoNoGo Still “Go”

The GoNoGo Trend remains in bullish mode, with the recent countertrend signals having yet to trigger a greater pullback.

Active Bullish Patterns

We still have two live bullish upside targets of 6,555 and 6,745, which could be with us for a while going forward. For the S&P 500 to get there, it will need to form new, smaller versions of the trading boxes.

Failed Bearish Patterns

In the chart below, you can view a rising wedge pattern on the recent price action, the third since April. The prior two wedges broke down briefly and did not lead to a major downturn. The largest pullbacks in each case occurred after the S&P 500 dipped below the lower trendline of the pattern.

The deepest drawdown so far is 3.5%, which is not exactly a game-changer. Without downside follow-through, a classic bearish pattern simply can’t be formed, let alone be broken down from.

We’ll continue to monitor these formations as they develop because, at some point, that will change.

Here are some charts that reflect our areas of focus this week at


XLU Leads with New High

Even though the Utilities SPDR (XLU) cannot keep pace with the Technology SPDR (XLK) and Communication Services SPDR (XLC), it is in a leading uptrend. XLU formed a cup-with-handle from November to July and broke to new highs the last two weeks. ETFs hitting new highs are in strong uptrends and should be on our radar.


Metal Mania in 2025

In a tribute to Ozzy, metals are leading the way higher in 2025. The PerfChart below shows year-to-date performance for the continuous futures for 12 commodities. Copper, Platinum and Palladium are up more than 45% year-to-date, while Gold is up 28.38% and Silver is up 35.30%. QQQ is up 10.52% year-to-date, but lagging these metals. The other commodities are mixed.


Multi-Year Highs for Silver and Copper

The next chart shows 11 year bar charts for five metals. Gold broke out in early 2024 and led the metals move with an advance the last 21 months. Silver and copper broke out to multi-year highs. Platinum broke above its 2021 high and Palladium got in the action with an 18 month high. There is a clear message here: metals are moving higher and leading as a group.  


Home Construction Hits Moment of Truth

The Home Construction ETF (ITB) hit its moment of truth as it rose to its falling 40-week SMA. Notice that ITB failed just below this moving average in August 2023. During the 2023-2024 uptrend, the 40-week SMA was more friendly as ITB reversed near this level in October 2023 and June 2024. ITB surged to the falling 40-week SMA in July, but the long-term trend is down and this area could be its nemesis.

Thanks for Tuning in!

See TrendInvestorPro.com for more


Donald Trump did better with American young people last fall than any Republican candidate in decades. He won men under 30, won men of college age, and even won the youth vote in the swing state of Michigan. American young people were widely assumed to be uniformly liberal, and expected to remain so forever and ever. But the reality was anything but. I saw this trend playing out in real time as I toured the country speaking on college campuses to crowds of three, four, and even five thousand strong.  Young Americans were not happy with Joe Biden’s America or Kamala Harris’ vows to continue it, and they were ready to return to the president they associated with a more prosperous pre-COVID time.

It was a big win. But it was also impermanent. It could be a one-off. It could easily be explained by the aftermath of COVID or the incredible political charisma of Donald Trump himself. The youth vote of 2024 wasn’t so much a win as it was an opportunity: A clear demonstration that conservatives actually can compete to win the votes of American young people, rather than writing them off. 

The challenge for Republicans now is seizing this Gen Z opportunity. Because Gen Z won’t become lifelong conservatives thanks to a good campaign or slick online memes. They’ll only become lifelong supporters if we’re able to deliver for them on the big issues that matter.

Experts expend a lot of effort and ink explaining what Gen Z ‘wants.’ But between my campus visits and my work running Turning Point USA, I talk to as many Gen Z’ers as anyone in the country. They want basic economic success and security like the generations before them. They want a home, they want a family, they want to feel like they are building something and that they are a part of something. 

And right now, on that front, Gen Z has a lot of problems. Economically, things are dire. In 1984, the median American home cost about three and a half times the median income in America. Today, the median house costs almost six times the median income. Rent isn’t much better, and has risen more than 50% in real terms since the 1970s. 

In 1980, tuition at the average public college was about $2,800 in today’s dollars. Today it’s around $10,000, and, unsurprisingly, that means the average college student leaves school with a debt burden that previously could have bought them a car, provided the down payment on a house, or helped them start a family. 

Financially, young people aren’t just facing more expensive necessities, but also a more predatory economic reality. Millions of Gen Zers are buying everything from concert tickets to groceries to Chipotle burritos through buy now, pay later (BNPL) setups from companies like Klarna and Affirm. Some polls indicate Gen Z prefers BNPL to traditional credit cards. Taking on debt for purchases may make sense when buying a house or a car, but once a person is paying for their groceries with 4 monthly payments at 10% interest, something has gone awry. 

Of course, America hasn’t become a poor nation. In fact, we’re as spectacularly wealthy as ever. Yet this wealth doesn’t reach young Americans (unless it’s by way of inheritance). Instead, over and over, policy decisions have ensured that elderly Americans grow wealthier and wealthier. Never in American history has so much wealth been concentrated in those who are already retired from the labor force. This reality became even more pronounced during COVID and the rampant inflation that followed. Older Americans with equities and assets in their portfolio saw their net worth skyrocket, while younger Americans just saw those assets become even more unaffordable.

It wasn’t always like this. When the baby boomers of today were growing up, government policy routinely favored young people. Jobs were easier to get, with far fewer credentialing hurdles. Houses were built far faster. Wages were higher instead of being suppressed through sky-high legal and illegal immigration. Today, though, America is a country built for those who are already owners, and those too young to buy are finding themselves stuck becoming borrowers and renters. The median age of first-time home buyers is now pushing 40, about a decade higher than the 1980s when the average age was just 29!

This isn’t because Gen Z is lazy — a common retort I hear — it’s because they are contending with structural disadvantages older Americans didn’t experience. If this continues, something will break, and young people will lead the way in breaking it. 

Zohran Mamdani has become a celebrity for Gen Z with his slick promises of a New York City rent freeze, state-owned grocery stores, and free daycare as stepping stones to eventually seizing the means of production. Mamdani’s political surge is not a passing fad or pure TV news fodder. 

It should be a giant flashing red alarm. There are millions of Americans who feel cut off from any meaningful economic progress or stability. Eventually, if they can’t obtain prosperity the old-fashioned way, they will simply try to vote themselves prosperity, and there will be plenty of demagogues promising this can be done easily by simply expropriating those with more than them.

Most of Gen Z is ideologically fluid. They’re happy to give Republicans a shot, then turn around and elect a Marxist two years later.

America will have a reordering of its economy. The only question is what that reordering will look like. There are two paths before us. We will either have stabilizing reforms like those of Theodore Roosevelt a century ago and those espoused by nationalist, populist conservatives, or we will have revolutionary, destructive ‘reforms’ like those that have already ruined once-prosperous countries like Cuba or Venezuela. If we succeed in the next three years, or if we fail, will determine which.

 

This post appeared first on FOX NEWS

President Donald Trump arrived in Scotland late Friday for a working trip where he is expected to meet with British Prime Minister Keir Starmer amid ongoing trade negotiations between the U.S. and the U.K., as well as visit several of his properties there. 

‘We’re meeting with the prime minister tonight,’ Trump told reporters Friday before departing for Scotland. ‘We’re going to be talking about the trade deal that we made, and maybe even improve it.’

‘We want to talk about certain aspects, which is going to be good for both countries,’ Trump said. ‘More fine-tuning. Also, we’re going to do a little celebrating together, because, you know, we got along very well. U.K.’s been trying to make a deal with us for like, 12 years, and haven’t been able to do it. We got it done, and he’s doing a very good job, this prime minister. Good guy.’

In May, the U.S. and the U.K. announced the two countries had agreed to a major trade deal, which marked the first historic trade negotiation signed following Liberation Day, when Trump announced widespread tariffs for multiple countries April 2 at a range of rates.

Trump, who is slated to remain in Scotland until Tuesday, is also scheduled to visit his golf courses in Turnberry and Aberdeen while abroad. 

Here’s also what happened this week:

Federal Reserve visit 

Trump visited the Federal Reserve headquarters Thursday, as he has ramped up digs at Federal Reserve Chairman Jerome Powell. 

Trump accompanied other administration officials for a tour of the headquarters, following $2.5 billion in renovations to the building. The massive project has attracted scrutiny from lawmakers and members of the Trump administration, including the president, who suggested the huge renovation could amount to a fireable offense. 

‘I think he’s terrible … I didn’t see him as a guy that needed a palace to live in,’ Trump said July 16. ‘But the one thing I would have never guessed is that he would be spending two and a half billion dollars to build a little extension onto the Fed.’

On Thursday, the two briefly sparred over the cost of the renovation, but Trump told reporters afterward that the two had a ‘good meeting’ and that there was ‘no tension.’ Trump also shut down speculation he might oust Powell, claiming such a move would be unnecessary. 

The Federal Reserve, the United States central bank, oversees the nation’s monetary policy and regulates financial institutions. 

Trump historically has railed against Powell, calling him names like ‘numskull’ and ‘too late.’ Likewise, Trump has expressed ire toward Powell for ignoring requests to lower interest rates. 

‘Well, I’d love him to lower interest rates, but other than that, what can I tell you?’ Trump said Thursday. 

Trump signed into law Thursday his roughly $9 billion rescissions package to claw back already approved federal funds for foreign aid and public broadcasting. 

The rescissions measure revoked nearly $8 billion in funding Congress already approved for the U.S. Agency for International Development (USAID), a formerly independent agency that provided impoverished countries aid and offered development assistance.

The rescissions package also rescinds more than $1 billion from the Corporation for Public Broadcasting (CPB), which provides federal funding for NPR and PBS.

This post appeared first on FOX NEWS

To endorse, or not to endorse, that is the question for House Minority Leader Hakeem Jeffries (D-NY) as New York City and the nation wait to see if this top Democrat will throw his backing behind socialist mayoral candidate Zohran Mamdani.

According to Zany Zohran’s backers, this should be a no-brainer. After all, Mamdani won the primary fair and square, but given his far-left proposals like city-owned grocery stores, free buses, and replacing cops with social workers. Jeffries is rightfully wary.

This week, would-be Mayor Mamdani ran away to Uganda to let the heat die down over a guy who once said the state should control the means of production potentially governing Wall Street.

This Africa adventure gives Jeffries a little more time to decide whether to endorse, but not much. The moment is still coming.

What makes this choice so hard for Jeffries is that he knows better than anyone just how dangerous these Democratic Socialists can be. In fact, it’s the whole reason he is now in line for the speakership should Democrats retake the House.

In 2019 Jeffries replaced another New Yorker named Joe Crowley as chair of the Democratic Caucus in the House. The coveted spot in leadership was available because Crowley had suffered a shocking primary defeat at the hands of whom? A bartender named Alexandria Ocasio-Cortez.

In spite of the fact that AOC opened the door to power for Jeffries, he is actually much more of a Crowley than a Cortez. He might be the poster child for the old-school Democrat machine politician.

Jeffries was born and raised in Brooklyn, state college undergrad, masters in public policy from Georgetown, law degree from NYU, clerked with a federal judge, a decade of private practice, two years in the state assembly and now, Congress. That is how it used to be done.

Now, Hakeem Jeffries’ party is being overrun with theater kids who skirt through college and whose political training comes almost exclusively from far-left activist organizations and Marxist tracts, and they want him to sign off on it.

The political reality for Jeffries is that if he endorses Zohran, then this 33-year-old, who can be credibly called a communist, will be hung like a millstone around the neck of every Democrat running for the House.

Even moderate House Democrats who try to distance themselves from Mamdani and his parade of pathetic and stale socialist programs will be sharply and publicly reminded that the guy they want to make Speaker of the House endorsed a communist.

Nowhere is this more true than close to home in the suburban New York districts that Republicans swept in 2024 to keep their slim House majority. There is no path back to power that doesn’t flow through Long Island and Westchester.

Republican House candidates like incumbents Mike Lawler and Nick LaLota will absolutely make Mamdani a focal point of their campaigns, no matter who their actual opponents are.

There is no easy way out of this predicament for Jeffries. Either he refuses to endorse Mamdani, and sets off an angry civil war in his party, or he does endorse him, and watches Democrats’ chances to win the House and make him speaker diminish greatly.

For any party leader, herding the cats is a great challenge. It was for Nancy Pelosi, and it is for Jeffries. But the Mamdani question is bigger than managing normal ideological differences. Jeffries has to decide if he will, for the first time, usher actual communists into the Democrats’ tent.

Most of us were born at a time when Democrats still proudly called themselves the party of Jefferson and Jackson. Today, it is starting to look more like the party of Marx and Guevara. Can Hakeem Jeffries hit the brakes? Don’t count on it.

My sources in Gotham, in both parties, the ones I trust the most, all think Jeffries will eventually, as quietly as possible, give his support to Mamdani. I’m not completely convinced, but it is the path of least resistance, which is a siren call for most politicians.

When and if Jeffries makes this cowardly choice, Republicans must be prepared to explain, quite clearly, to Americans that one of their major political parties, its oldest, in fact, has come to embrace communism.

For Hakeem Jeffries this is an existential choice, not just for his political future, but the future of his political party, and of our nation itself.

This post appeared first on FOX NEWS

The Supreme Court has temporarily allowed President Donald Trump to fire numerous Democrat-appointed members of independent agencies, but one case still moving through the legal system carries the greatest implications yet for a president’s authority to do that.

In Slaughter v. Trump, a Biden-appointed member of the Federal Trade Commission has vowed to fight what she calls her ‘illegal firing,’ setting up a possible scenario in which the case lands before the Supreme Court.

The case would pose the most direct question yet to the justices about where they stand on Humphrey’s Executor v. United States, the nearly century-old decision regarding a president’s power over independent regulatory agencies.

John Shu, a constitutional law expert who served in both Bush administrations, told Fox News Digital he thinks the high court is likely to side with the president if and when the case arrives there.

‘I think it’s unlikely that Humphrey’s Executor survives the Supreme Court, at least in its current form,’ Shu said, adding he anticipates the landmark decision will be overturned or ‘severely narrowed.’

What is Humphrey’s Executor?

Humphrey’s Executor centered on President Franklin D. Roosevelt’s decision to fire an FTC commissioner with whom he disagreed politically. The case marked the first instance of the Supreme Court limiting a president’s removal power by ruling that Roosevelt overstepped his authority. The court found that presidents could not dismiss FTC commissioners without a reason, such as malfeasance, before their seven-year terms ended, as outlined by Congress in the FTC Act.

However, the FTC’s functions, which largely center on combating anticompetitive business practices, have expanded in the 90 years since Humphrey’s Executor.

‘The Federal Trade Commission of 1935 is a lot different than the Federal Trade Commission today,’ Shu said.

He noted that today’s FTC can open investigations, issue subpoenas, bring lawsuits, impose financial penalties and more. The FTC now has executive, quasi-legislative and quasi-judicial functions, Shu said.

SCOTUS greenlights other firings

If the Supreme Court’s decision to temporarily allow two labor board members’ firings is any indication, the high court stands ready to make the FTC less independent and more accountable to Trump.

In a 6-3 order, the Supreme Court cited the ‘considerable executive power’ that the National Labor Relations Board and Merit Systems Protection Board have, saying a president ‘may remove without cause executive officers who exercise that power on his behalf.’

The order did not mention Humphrey’s Executor, but that and other moves indicate the Supreme Court has been chipping away at the 90-year-old ruling and is open to reversing it.

The case of Rebecca Slaughter and Alvaro Bedoya gets closest to the heart of Humphrey’s Executor.

Where does Slaughter’s case stand?

Slaughter enjoyed a short-lived victory when a federal judge in Washington, D.C., found that Trump violated the Constitution and ruled in her favor on July 17.

She was able to return to the FTC for a few days, but the Trump administration appealed the decision and, on July 21, the appellate court paused the lower court judge’s ruling.

Judge Loren AliKhan had said in her summary judgment that Slaughter’s case was almost identical to William Humphrey’s.

‘It is not the role of this court to decide the correctness, prudence, or wisdom of the Supreme Court’s decisions—even one from ninety years ago,’ AliKhan, a Biden appointee, wrote. ‘Whatever the Humphrey’s Executor Court may have thought at the time of that decision, this court will not second-guess it now.’

The lawsuit arose from Trump firing Slaughter and Bedoya, the two Democratic-appointed members of the five-member commission. They alleged that Trump defied Humphrey’s Executor by firing them in March without cause in a letter that ‘nearly word-for-word’ mirrored the one Roosevelt sent a century ago.

Bedoya has since resigned, but Slaughter is not backing down from a legal fight in which Trump appears to have the upper hand.

‘Like dozens of other federal agencies, the Federal Trade Commission has been protected from presidential politics for nearly a century,’ Slaughter said in a statement after she was re-fired. ‘I’ll continue to fight my illegal firing and see this case through, because part of why Congress created independent agencies is to ensure transparency and accountability.’

Now a three-judge panel comprising two Obama appointees and one Trump appointee is considering a longer-term pause and asked for court filings to be submitted by July 29, meaning the judges could issue their decision soon thereafter.

This post appeared first on FOX NEWS

Director of National Intelligence Tulsi Gabbard declassified a slew of documents this month, revealing that Obama administration officials ‘manufactured’ intelligence to push the Trump-Russia collusion narrative.

Here’s a look at the newly declassified records:

Declassified Presidential Daily Brief

Documents revealed that in the months leading up to the November 2016 election, the intelligence community consistently assessed that Russia was ‘probably not trying … to influence the election by using cyber means.’

One instance was on Dec. 7, 2016, weeks after the election. Then-Director of National Intelligence James Clapper’s talking points stated, ‘Foreign adversaries did not use cyberattacks on election infrastructure to alter the U.S. presidential election outcome.’

Fox News Digital obtained a declassified copy of the Presidential Daily Brief, which was prepared by the Department of Homeland Security, with reporting from the CIA, Defense Intelligence Agency, FBI, National Security Agency, Department of Homeland Security, State Department and open sources, for Obama, dated Dec. 8, 2016.

‘We assess that Russian and criminal actors did not impact recent U.S. election results by conducting malicious cyber activities against election infrastructure,’ the Presidential Daily Brief stated. ‘Russian Government-affiliated actors most likely compromised an Illinois voter registration database and unsuccessfully attempted the same in other states.’

But the brief stated that it was ‘highly unlikely’ the effort ‘would have resulted in altering any state’s official vote result.’

‘Criminal activity also failed to reach the scale and sophistication necessary to change election outcomes,’ it stated. 

The brief noted that the Office of the Director of National Intelligence assessed that any Russian activities ‘probably were intended to cause psychological effects, such as undermining the credibility of the election process and candidates.’

The brief stated that cyber criminals ‘tried to steal data and to interrupt election processes by targeting election infrastructure, but these actions did not achieve a notable disruptive effect.’

Fox News Digital obtained declassified, but redacted, communications from the FBI in the Presidential Daily Brief, stating that it ‘should not go forward until the FBI’ had shared its ‘concerns.’

Those communications revealed that the FBI drafted a ‘dissent’ to the original Presidential Daily Brief. 

The communications revealed that the brief was expected to be published Dec. 9, 2016, the following day, but later communications revealed the Office of the Director of National Intelligence, ‘based on some new guidance,’ decided to ‘push back publication’ of the Presidential Daily Brief. 

‘It will not run tomorrow and is not likely to run until next week,’ wrote the deputy director of the Presidential Daily Brief at the Office of the Director of National Intelligence, whose name is redacted. 

The following day, Dec. 9, 2016, a meeting convened in the White House Situation Room, with the subject line starting: ‘Summary of Conclusions for PC Meeting on a Sensitive Topic (REDACTED.)’

The meeting included top officials in the National Security Council, Clapper, then-CIA Director John Brennan, then-National Security Advisor Susan Rice, then-Secretary of State John Kerry, then-Attorney General Loretta Lynch, then-Deputy FBI Director Andrew McCabe, among others, to discuss Russia.

The declassified meeting record, obtained by Fox News Digital, revealed that principals ‘agreed to recommend sanctioning of certain members of the Russian military intelligence and foreign intelligence chains of command responsible for cyber operations as a response to cyber activity that attempted to influence or interfere with U.S. elections, if such activity meets the requirements’ from an executive order that demanded the blocking of property belonging to people engaged in cyber activities.

After the meeting, according to the Office of the Director of National Intelligence, Clapper’s executive assistant emailed intelligence community leaders tasking them to create a new intelligence community assessment ‘per the president’s request’ that detailed the ‘tools Moscow used and actions it took to influence the 2016 election.’

‘ODNI will lead this effort with participation from CIA, FBI, NSA, and DHS,’ the record states.

Later, Obama officials ‘leaked false statements to media outlets’ claiming that ‘Russia has attempted through cyber means to interfere in, if not actively influence, the outcome of an election.’

By Jan. 6, 2017, a new Intelligence Community Assessment was released that, according to the Office of the Director of National Intelligence, ‘directly contradicted the IC assessments that were made throughout the previous six months.’ 

Intelligence officials told Fox News Digital that the ICA was ‘politicized’ because it ‘suppressed intelligence from before and after the election showing Russia lacked intent and capability to hack the 2016 election.’ 

Officials also said it deceived the American public ‘by claiming the IC made no assessment on the ‘impact’ of Russian activities,’ when the intelligence community ‘did, in fact, assess for impact.’ 

‘The unpublished December PDB stated clearly that Russia ‘did not impact’ the election through cyber hacks on the election,’ an official told Fox News Digital.

The official also said the ICA had assessed that ‘Russia was responsible for leaking data from the DNC and DCCC,’ while ‘failing to mention that FBI and NSA previously expressed low confidence in this attribution.’ 

Officials said the intelligence was ‘politicized’ and then ‘used as the basis for countless smears seeking to delegitimize President Trump’s victory, the years-long Mueller investigation, two Congressional impeachments, high level officials being investigated, arrested, and thrown in jail, heightened US-Russia tensions, and more.’

Declassified House Intelligence Committee Report

A report prepared by the House Permanent Select Committee on Intelligence in 2020 said the intelligence community did not have any direct information that Russian President Vladimir Putin wanted to help elect Donald Trump during the 2016 presidential election, but, at the ‘unusual’ direction of then-President Barack Obama, published ‘potentially biased’ or ‘implausible’ intelligence suggesting otherwise.

The report, based on an investigation launched by former House Intelligence Committee Chairman Devin Nunes, R-Calif., was dated Sept. 18, 2020. At the time of the publication of the report, Rep. Adam Schiff, D-Calif., was the chairman of the committee.

The report has never before been released to the public and instead has remained highly classified within the intelligence community.

Fox News Digital obtained the ‘fully-sourced limited-access investigation report that was drafted and stored in a limited-access vault at CIA Headquarters.’ The report includes some redactions.

The committee focused on the creation of the Intelligence Community Assessment of 2017, in which then-CIA Director John Brennan pushed for the inclusion of the now-discredited anti-Trump dossier despite knowing it was based largely on ‘internet rumor,’ as Fox News Digital previously reported.

According to the report, the ICA was a ‘high-profile product ordered by the President, directed by senior IC agency heads, and created by just five CIA analysts, using one principal drafter.’

‘Production of the ICA was subject to unusual directives from the President and senior political appointees, and particularly DCIA,’ the report states. ‘The draft was not properly coordinated within CIA or the IC, ensuring it would be published without significant challenges to its conclusions.’

The committee found that the five CIA analysts and drafter ‘rushed’ the ICA’s production ‘in order to publish two weeks before President-elect Trump was sworn-in.’

‘Hurried coordination and limited access to the draft reduced opportunities for the IC to discover misquoting of sources and other tradecraft concerns,’ the report states.

The report states that Brennan ‘ordered the post-election publication of 15 reports containing previously collected but unpublished intelligence, three of which were substandard — containing information that was unclear, of uncertain origin, potentially biased, or implausible — and those became foundational sources for the ICA judgements that Putin preferred Trump over Clinton.’

‘The ICA misrepresented these reports as reliable, without mentioning their significant underlying flaws,’ the committee found.

‘One scant, unclear, and unverifiable fragment of a sentence from one of the substandard reports constitutes the only classified information cited to suggest Putin ‘aspired’ to help Trump win,’ the report states, adding that the ICA ‘ignored or selectively quoted reliable intelligence reports that challenged — and in some cases undermined — judgments that Putin sought to elect Trump.’

The report also states that the ICA ‘failed to consider plausible alternative explanations of Putin’s intentions indicated by reliable intelligence and observed Russian actions.’

The committee also found that two senior CIA officers warned Brennan that ‘we don’t have direct information that Putin wanted to get Trump elected.’

Despite those warnings, the Obama administration moved to publish the ICA.

The ICA ‘did not cite any report where Putin directly indicated helping Trump win was the objective.’

The ICA, according to the report, excluded ‘significant intelligence’ and ‘ignored or selectively quoted’ reliable intelligence in an effort to push the Russia narrative.

The report also includes intelligence from a longtime Putin confidant who explained to investigators that ‘Putin told him he did not care who won the election,’ and that Putin ‘had often outlined the weaknesses of both major candidates.’

The report also states that the ICA omitted context showing that the claim that Putin preferred Trump was ‘implausible —if not ridiculous.’

The committee also found that the ICA suppressed intelligence that showed that Russia was actually planning for a Hillary Clinton victory because ‘they knew where (she) stood’ and believed Russia ‘could work with her.’

The committee also noted that the ICA ‘did not address why Putin chose not to leak more discrediting material on Clinton, even as polls tightened in the final weeks of the election.’

The committee also found that the ICA suppressed intelligence showing that Putin was ‘not only demonstrating a clear lack of concern for Trump’s election fate,’ but also indicated ‘that he preferred to see Secretary Clinton elected, knowing she would be a more vulnerable President.’

Declassified Hillary Clinton section of House Intelligence Committee Report

One section of the declassified House Intelligence Committee report states that the material in Putin’s possession included Russian intelligence on Democratic National Committee information allegedly showing that senior Democratic leaders found Clinton’s health to be ‘extraordinarily alarming.’ 

‘As of September 2016, the Russian Foreign Intelligence Service had DNC information that President Obama and Party leaders found the state of Secretary Clinton’s health to be ‘extraordinarily alarming,’ and felt it could have ‘serious negative impact’ on her election prospects,’ the report states. ‘Her health information was being kept in ‘strictest secrecy’ and even close advisors were not being fully informed.’ 

The Russian Foreign Intelligence Service also allegedly had DNC communications that showed that ‘Clinton was suffering from ‘intensified psycho-emotional problems, including uncontrolled fits of anger, aggression, and cheerfulness.” 

‘Clinton was placed on a daily regimen of ‘heavy tranquilizers’ and while afraid of losing, she remained ‘obsessed with a thirst for power,’’ the report states.

The Russians also allegedly had information that Clinton ‘suffered from ‘Type 2 diabetes, Ischemic heart disease, deep vein thrombosis, and chronic obstructive pulmonary disease.’’

The Russians also allegedly possessed a ‘campaign email discussing a plan approved by Secretary Clinton to link Putin and Russian hackers to candidate Trump in order to ‘distract the American public’ from the Clinton email server scandal.’ 

Gabbard, during the White House press briefing Wednesday, said there were ‘high-level DNC emails that detailed evidence of Hillary’s, quote, psycho-emotional problems, uncontrolled fits of anger, aggression and cheerfulness, and that then-Secretary Clinton was allegedly on a daily regimen of heavy tranquilizers.’ 

A tranquilizer is a drug used to reduce mental disturbance, such as anxiety and tension. Tranquilizers are typically prescribed to individuals suffering from anxiety, sleep disturbances and related conditions affecting their mental and physical health. 

A Clinton aide dismissed the claims as ‘ridiculous.’ 

Neither Clinton nor Obama responded to Fox News Digital’s requests for comment. 

This post appeared first on FOX NEWS

Investor Insight

NextSource Materials is an emerging leader in the global battery materials sector, backed by a world-class graphite resource and proven technology to produce high-performance anode material. With a focus on full vertical integration, the company is strategically positioned to supply critical materials essential to the global clean energy transition.

Overview

NextSource Materials (TSX:NEXT, OTCQB:NSRCF) is a Canadian-based battery materials development company focused on becoming a vertically integrated global supplier of critical minerals essential to the global clean energy transition. The company’s strategy spans the full value chain – from mining and upgrading high-quality flake graphite to producing advanced battery anode materials – positioning it as a key supplier to the rapidly growing electric vehicle (EV) and renewable energy storage markets.

NextSource’s core asset is the Molo graphite mine in Madagascar, one of the largest and highest-grade flake graphite deposits in the world. Commencing production in October 2024, the Molo mine has a resource base of more than 153 million tonnes and the exclusive source of NextSource’s trademarked SuperFlake® graphite.

Complementing the Molo graphite mine is the company’s downstream expansion through battery anode facilities (BAFs), which will convert its proprietary SuperFlake® graphite into spherical purified graphite (SPG) and coated SPG (CSPG), enabling direct supply to global battery and automotive manufacturers outside traditional Asian supply chains.

Global demand for flake graphite, valued at US$3.12 billion in 2024, is forecast to grow to US$5.48 billion by 2034, driven by a 6.1 percent CAGR. This growth is primarily fueled by the expansion of lithium-ion battery manufacturing for EVs and renewable energy systems, where graphite remains the dominant material used in battery anodes.

NextSource also owns the Green Giant vanadium project, an advanced-stage and strategically significant vanadium asset located near the Molo mine. With a large, sediment-hosted deposit suited for vanadium redox flow batteries (VRFBs), Green Giant provides additional exposure to the grid-scale energy storage market – a rapidly emerging segment of the clean energy landscape.

NextSource has assembled an impressive leadership team with a proven track record in mine operations and building shareholder value. With long-term offtake agreements in place, a scalable mine-to-anode business model, and strategic backing from Vision Blue Resources, led by former Xstrata CEO Sir Mick Davis, NextSource is positioned to deliver significant value as a secure and sustainable supplier of critical battery materials.

Company Highlights

  • Molo Graphite Project: The Molo graphite project in Madagascar is among the world’s largest and highest-quality graphite resources and is the exclusive source of SuperFlake® graphite.
  • First Commercial Shipments Completed: SuperFlake® shipments have been to multiple end-users and approved for high-demand applications for flake graphite, including battery anodes, refractory and graphite foils for fire retardants and consumer electronics.
  • Long-term Offtake Agreements: One of the few graphite producers globally to secure long-term sales agreements with tier one partners, including a 20,000 tpa agreement with a leading Japanese trader that supplies intermediate anode material to the Japanese market, and a 35,000 tpa agreement with thyssenkrupp Materials Trading GmbH for SuperFlake® graphite concentrate.
  • Mine Expansion Planned: With anticipated volume demands expected to quickly outgrow its Phase 1 volume capacity, NextSource updated its operational strategy to utilize Phase 1 for campaign production to focus on development of its Phase 2 mine expansion.
  • Downstream Value-add Expansion: The company is executing a phased rollout of battery anode facilities to produce spherical purified graphite and coated SPG at commercial scale. These facilities will supply high-performance anode material directly to battery and automotive manufacturers outside traditional Asian supply chains.
  • Strategic Shareholder Support: Vision Blue Resources, a battery materials investment fund led by former Xstrata CEO Sir Mick Davis, is NextSource’s corner-stone shareholder. Sir Mick Davis also serves as NextSource’s chairman, bringing decades of mine development and operational leadership to the company.
  • Vanadium Exposure: NextSource also holds the Green Giant vanadium project in Madagascar, an advanced-stage NI 43-101 resource and one of the world’s largest known sedimentary vanadium (V2O5) deposits.

Key Projects

Molo Graphite Mine and Project

NextSource’s flagship Molo graphite project ranks as one of the largest-known and highest-quality flake graphite deposits in the world. The property spans more than 62.5 hectares, sits in the Tulear region of Southwestern Madagascar, and is located 11.5 kilometers east of the town of Fotadrevo. Phase 1 of the mine is currently in operation.

NextSource has superior flake size distribution and well above the global average. The Molo asset is relatively unique for having almost 50 percent premium-priced large and jumbo flake graphite and can achieve up to 97 percent carbon purity with simple flotation alone. Molo SuperFlake® has been verified by end-users and meets or exceeds all criteria for the top demand markets for flake graphite; anode material for lithium-ion batteries, refractories, graphite foils and graphene inks.

Project Highlights

Geological and Resource Overview:

  • Measured and indicated resources: 100.37 million tonnes (Mt) at 6.3 percent total graphitic carbon (C), based on a 2 percent C cut-off.
  • Proven and probable reserves: 53.75 Mt at 6.2 percent C, based on a 3 percent C cut-off, including 21.33 Mt proven and 32.41 Mt probable.
  • Over 300 km of continuous surface graphite mineralization has been delineated, enabling flexible, demand-driven production scale-up.
  • The resource base supports more than 100 years of mine life at 17,000 tpa and 25+ years at 150,000 tpa production levels.

Operational Status:

  • Phase 1 operations commenced production in October 2024, with the first commercial shipments of SuperFlake® graphite concentrate delivered to customers in Germany and the US in early 2025.
  • In May 2025, NextSource transitioned Phase 1 to campaign production in order to preserve capital and prioritize the larger Phase 2 expansion, which is now the operational focus.
  • Nameplate capacity for Phase 1 is 17,000 tpa, with modular Phase 2 plans targeting up to 150,000 tpa production capacity.

Strategic Sales Agreements:

  • A 20,000 tpa agreement with a leading Japanese trader that supplies anode material to major OEM supply chains (Tesla, Toyota).

Battery Anode Facilities

NextSource’s BAFs are value-added processing plants designed to convert smaller flake graphite into high-performance anode material, an essential component of lithium-ion batteries used in electric vehicles.

Project Highlights

Technology and Product Focus:

  • Using a proprietary and proven processing technology, licensed exclusively by NextSource and currently supplying major OEMs, the BAFs will produce spherical purified graphite (SPG) and coated SPG (CSPG) through a process verified within, and currently being used by, the Tesla and Toyota supply chains.
  • The CSPG production process involves micronizing flake graphite, shaping it into spheres (spheroidization), purifying it and applying a hard carbon coating to enhance durability and performance in battery applications.

Pilot to Commercial Progression:

  • A pilot BAF in Mauritius successfully validated NextSource’s processing technology and facilitated advanced product qualification with Tier 1 EV and battery manufacturers.
  • In 2025, the company redirected its BAF expansion focus from Mauritius to the Middle East, identifying Saudi Arabia and the UAE as ideal first locations due to favorable permitting, infrastructure, and access to global EV markets.

Strategic Plans and Economic Advantages:

  • NextSource’s established technical process gives it a competitive advantage by significantly reducing the time and cost required for R&D and qualification phases.
  • The modular BAF rollout strategy supports flexible scaling, with additional facilities planned for North America, Europe, and Asia to meet growing OEM demand.
  • Feedstock will be sourced primarily from the Molo Mine, with provisions for qualified third-party graphite as needed.

Green Giant Vanadium Project

The Green Giant vanadium project is a 100-percent-owned, advanced-stage exploration asset located in south-central Madagascar, approximately 15 kilometers from the Molo Graphite Mine. It is one of the world’s largest known vanadium deposits and a potential future growth driver for NextSource.

Project Highlights

Resource Profile:

  • NI 43-101 compliant resource of approximately 60 million tonnes, grading an average of 0.7 percent vanadium pentoxide at a 0.5 percent cut-off.
  • The deposit is sediment-hosted, a rare geological profile seen in only about 5% of vanadium occurrences, and favorable for producing high-purity vanadium compounds.

Strategic Importance:

  • Vanadium is a key material in vanadium redox flow batteries (VRFBs), which are emerging as a critical solution for long-duration grid-scale energy storage—a necessary component of the transition to renewable power.
  • With increasing global focus on decarbonizing power systems, Green Giant provides long-term optionality in a growing adjacent market.

Development Status:

  • Over US$20 million has been invested in exploration and development since acquisition in 2007.
  • While currently on hold to maintain focus on graphite and anode material commercialization, the project remains a strategic asset for future energy storage market expansion.

Management Team

Hanré Rossouw – President and Chief Executive Officer, Director

Hanré Rossouw joins NextSource from his role as executive director and chief financial officer of Sasol Limited with extensive experience in the global natural resources industry over the last 25 years. A British and South African national, Rossouw has held senior positions in leading global mining and investment companies where his roles involved business development, M&A, capital markets, asset management and growth optimization.

Craig Scherba – Chief Development Officer, Director

Craig Scherba brings extensive operational and geologic experience, having discovered both the Molo and Green Giant deposits. He currently heads up development of NextSource’s downstream OEM offtake strategy and plans.

Jaco Crouse – Chief Financial Officer

Jaco Crouse brings over 20 years of experience in the global natural resources sector, with expertise in M&A, capital markets and financial strategy. He held senior positions at Glencore and Xstrata.

Brent Nykoliation – EVP, Strategy and Corporate Affairs

Brent Nykoliation joined the senior management team at NextSource Materials as vice-president in 2007 and leads strategy and corporate affairs for the company. In addition, he oversees all communications with graphite customers, institutional investors and analysts for the company.

He brings over 20 years of senior management experience, having held marketing and strategic development positions with several Fortune 500 corporations in Canada.

Dr. Tilo Hauke – EVP, Downstream Operations

Dr. Tilo Hauke leads the development of the company’s BAFs, focused on producing commercial-scale graphite anode material for lithium-ion batteries used in electric vehicles. He previously spent two decades at SGL Carbon SE, a global leader in carbon and graphite products, holding senior roles including SVP of Fuel Cell Components and Group VP of Technology and Innovation.

Danniel Stokes – VP, Special Projects

Daniel Stokes spearheads the project management aspects of the company, with significant experience across a diverse portfolio of projects in mining, infrastructure and nuclear industries.

Markus Reichardt – VP, Sustainability

Markus Reichardt is responsible for driving the company’s safety, health, environment, social, climate change and quality performance and initiatives. He has a 25-year track record in operational, senior corporate and advisory roles in the resources, agricultural and renewables sectors across the developing world.

Jean Luc Marquetoux – Country Manager

Jean Luc Marquetoux brings nearly three decades of experience in mining and project development in Madagascar and brings deep regional and governmental expertise in Madagascar.

Board of Directors

Sir Mick Davis – Chairman

Sir Mick Davis is the CEO of Vision Blue Resources and a highly successful mining executive accredited with building Xstrata plc into one of the largest mining companies in the world before its acquisition by Glencore plc.

Ian Pearce – Director

Ian Pearce is the former CEO of Xstrata Nickel, and was the former COO of Falconbridge Limited, which was acquired by Xstrata Plc in 2006. Xstrata Plc’s acquisition of Falconbridge was one of the largest mining takeovers globally and one of the largest takeover bids in Canadian history.

Brett Whalen — Director

Brett Whalen has over 20 years of investment banking and M&A expertise, spending over 16 of those years at Dundee Corporation. During his tenure at Dundee, Whalen was directly involved in completing approximately $2 billion in M&A deals and helped raise over $10 billion in capital for resource sector companies.

Christopher Kruba – Director

Christopher Kruba is vice-president and legal counsel to Nostrum Capital Corporation and several related corporations that are part of the Toldo Group.

Martina Buchhauser – Director

Martina Buchhauser is a globally recognized leader in the automotive industry, with deep expertise in sustainable mobility and the transition to low-carbon, responsible business practices. Her executive career includes senior roles in global procurement and supply chain management at General Motors, MAN, BMW, and most recently Volvo Cars.

This post appeared first on investingnews.com