Stocks closed higher on Wall Street as the market posted its fifth straight gain and the Dow Jones Industrial Average notched another record high. The S&P 500 rose 0.3%. The benchmark index’s 1.7% gain for the week erased most of its loss from last week. The Dow rose 1% as it nudged past its most recent high set last week, and the Nasdaq composite rose 0.2%. Markets have been volatile over the last few weeks, losing ground in the runup to elections in November, then surging following Donald Trump's victory, before falling again. The S&P 500 has been steadily rising throughout this week to within close range of its record. It's now within about 0.5% of its all-time high set last week. “Overall, market behavior has normalized following an intense few weeks,” said Mark Hackett, chief of investment research at Nationwide, in a statement. Several retailers jumped after giving Wall Street encouraging financial updates. Gap soared 12.8% after handily beating analysts' third-quarter earnings and revenue expectations, while raising its own revenue forecast for the year. Discount retailer Ross Stores rose 2.2% after raising its earnings forecast for the year. EchoStar fell 2.8% after DirecTV called off its purchase of that company's Dish Network unit. Smaller company stocks had some of the biggest gains. The Russell 2000 index rose 1.8%. A majority of stocks in the S&P 500 gained ground, but those gains were kept in check by slumps for several big technology companies. Nvidia fell 3.2%. Its pricey valuation makes it among the heaviest influences on whether the broader market gains or loses ground. The company has grown into a nearly $3.6 trillion behemoth because of demand for its chips used in artificial-intelligence technology. Intuit, which makes TurboTax and other accounting software, fell 5.7%. It gave investors a quarterly earnings forecast that fell short of analysts’ expectations. Facebook owner Meta Platforms fell 0.7% following a decision by the Supreme Court to allow a multibillion-dollar class action investors’ lawsuit to proceed against the company. It stems from the privacy scandal involving the Cambridge Analytica political consulting firm. All told, the S&P 500 rose 20.63 points to 5,969.34. The Dow climbed 426.16 points to 44,296.51, and the Nasdaq picked up 42.65 points to close at 2,406.67. European markets closed mostly higher and Asian markets ended mixed. Crude oil prices rose. Treasury yields held relatively steady in the bond market. The yield on the 10-year Treasury fell to 4.41% from 4.42% late Thursday. In the crypto market, bitcoin hovered around $99,000, according to CoinDesk. It has more than doubled this year and first surpassed the $99,000 level on Thursday. Retailers remained a big focus for investors this week amid close scrutiny on consumer spending habits headed into the holiday shopping season. Walmart, the nation's largest retailer, reported a quarter of strong sales and gave investors an encouraging financial forecast. Target, though, reported weaker earnings than analysts' expected and its forecast disappointed Wall Street. Consumer spending has fueled economic growth, despite a persistent squeeze from inflation and high borrowing costs. Inflation has been easing and the Federal Reserve has started trimming its benchmark interest rates. That is likely to help relieve pressure on consumers, but any major shift in spending could prompt the Fed to reassess its path ahead on interest rates. Also, any big reversals on the rate of inflation could curtail spending. Consumer sentiment remains strong, according to the University of Michigan's consumer sentiment index. It revised its latest figure for November to 71.8 from an initial reading of 73 earlier this month, though economists expected a slight increase. It's still up from 70.5 in October. The survey also showed that consumers' inflation expectations for the year ahead fell slightly to 2.6%, which is the lowest reading since December of 2020. Wall Street will get another update on how consumers feel when the business group The Conference Board releases its monthly consumer confidence survey on Tuesday. A key inflation update will come on Wednesday when the U.S. releases its October personal consumption expenditures index. The PCE is the Fed's preferred measure of inflation and this will be the last PCE reading prior to the central bank's meeting in December.None
A new report from the Office of the Inspector General (OIG) found that President Donald Trump’s Department of Justice (DOJ) secretly obtained the phone call and text message records of 43 congressional staffers, two members of Congress in 2017 and 2018 and members of the news media. DOJ prosecutors obtained call and text logs from telecommunications companies and third-party providers including Apple through subpoenas, search warrants and court orders. It’s already known that President Trump’s DOJ tried to obtain communication records from Apple as part of an investigation into press leaks about stories that Trump associates made contact with Russian officials. The New York Times reported in 2021 that one of the subpoenas filed in 2018 demanded to see the accounts of 109 identifiers including Democratic Representatives Adam B. Schiff and Eric Swalwell of California, congressional aides and family members including one who was a minor. Now it appears that the scope of those subpoenas was much larger. The IG’s report says prosecutors attached gag orders to the subpoenas to prevent Apple and other companies from notifying their customers about the information orders. Most of the non-disclosure agreements were extended at least once, some of which stretched up to four years. The communication logs only showed the names of the parties involved in the calls and text messages. Even though the OIG’s report found no political motivation for prosecutors’ requests, he noted the subpoenas and other legal means of obtaining communication logs “risks chilling Congress’s ability to conduct oversight of the executive branch.” The report also says the DOH failed to convene the News Media Review Committee , a Justice Department advisory committee formed as part of an overhaul of its news media policies in 2014, to review its information requests calling its actions “troubling,” according to the report. Apple also took steps to limit the scope of legal requests following news of the subpoenas filed on Reps. Schiff and Swalwell. The tech company placed a limit of 25 identifiers per legal request on customers’ communication information in 2021.
BlackJack3D The run we’ve seen in Bitcoin ( BTC-USD ) has been quite extraordinary. The OG alt-coin broke out after the presidential election in the US and hasn’t looked back, now exploding higher to make new all-time price highs. This weekend, the price is inches If you liked this idea, sign up for a no-obligation free trial of my Seeking Alpha Marketplace service, Timely Trader ! I sift through various asset classes to find the best places for your capital, helping you maximize your returns. Timely Trader seeks to find winners before they become winners, and keep you out of losers. In addition, you get access to our community via chat, direct access to me, real-time price alerts, a model portfolio, and more. Sign up today! Josh Arnold has been covering financial markets for a decade, utilizing a combination of technical and fundamental analysis to identify potential winners early on in their growth cycles. Josh's focus is mainly on growth stocks. His goal is efficient and profitable use of capital, which overly rigid buy-and-hold strategies do not allow. Timely Trader Learn more. Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
AP Sports SummaryBrief at 5:21 p.m. EST
Signings tracker: Big win for the Roosters as James Tedesco extends his stayIsraeli Knesset rejects inquiry into October 7 attacks, fuels tensionsRebels capture key Syrian city of Hama
This Turks and Caicos Villa Has Hosted Rock ‘n’ Roll Royalty. Now It Can Be Yours for $39 Million.
ESPN Reveals Major Announcement Regarding Lakers-Warriors Christmas Day Game
NEW YORK (AP) — President-elect Donald Trump’s recent dinner with Canadian Prime Minister Justin Trudeau and his visit to Paris for the reopening of the Notre Dame Cathedral were not just exercises in policy and diplomacy. They were also prime trolling opportunities for Trump. Throughout his first term in the White House and during his campaign to return, Trump has spun out countless provocative, antagonizing and mocking statements. There were his belittling nicknames for political opponents, his impressions of other political figures and the plentiful memes he shared on social media. Now that's he's preparing to return to the Oval Office, Trump is back at it, and his trolling is attracting more attention — and eyerolls. On Sunday, Trump turned a photo of himself seated near a smiling first lady Jill Biden at the Notre Dame ceremony into a social media promo for his new perfume and cologne line, with the tag line, “A fragrance your enemies can’t resist!” The first lady’s office declined to comment. When Trudeau hastily flew to Florida to meet with Trump last month over the president-elect's threat to impose a 25% tax on all Canadian products entering the U.S., the Republican tossed out the idea that Canada become the 51st U.S. state. The Canadians passed off the comment as a joke, but Trump has continued to play up the dig, including in a post Tuesday morning on his social media network referring to the prime minister as “Governor Justin Trudeau of the Great State of Canada.” After decades as an entertainer and tabloid fixture, Trump has a flair for the provocative that is aimed at attracting attention and, in his most recent incarnation as a politician, mobilizing fans. He has long relished poking at his opponents, both to demean and minimize them and to delight supporters who share his irreverent comments and posts widely online and cheer for them in person. Trump, to the joy of his fans, first publicly needled Canada on his social media network a week ago when he posted an AI-generated image that showed him standing on a mountain with a Canadian flag next to him and the caption “Oh Canada!” After his latest post, Canadian Immigration Minister Marc Miller said Tuesday: “It sounds like we’re living in a episode of South Park." Trudeau said earlier this week that when it comes to Trump, “his approach will often be to challenge people, to destabilize a negotiating partner, to offer uncertainty and even sometimes a bit of chaos into the well established hallways of democracies and institutions and one of the most important things for us to do is not to freak out, not to panic.” Even Thanksgiving dinner isn't a trolling-free zone for Trump's adversaries. On Thanksgiving Day, Trump posted a movie clip from “National Lampoon’s Christmas Vacation” with President Joe Biden and other Democrats’ faces superimposed on the characters in a spoof of the turkey-carving scene. The video shows Trump appearing to explode out of the turkey in a swirl of purple sparks, with the former president stiffly dancing to one of his favorite songs, Village People’s “Y.M.C.A." In his most recent presidential campaign, Trump mocked Florida Gov. Ron DeSantis, refusing to call his GOP primary opponent by his real name and instead dubbing him “Ron DeSanctimonious.” He added, for good measure, in a post on his Truth Social network: “I will never call Ron DeSanctimonious ‘Meatball’ Ron, as the Fake News is insisting I will.” As he campaigned against Biden, Trump taunted him in online posts and with comments and impressions at his rallies, deriding the president over his intellect, his walk, his golf game and even his beach body. After Vice President Kamala Harris took over Biden's spot as the Democratic nominee, Trump repeatedly suggested she never worked at McDonalds while in college. Trump, true to form, turned his mocking into a spectacle by appearing at a Pennsylvania McDonalds in October, when he manned the fries station and held an impromptu news conference from the restaurant drive-thru. Trump’s team thinks people should get a sense of humor. “President Trump is a master at messaging and he’s always relatable to the average person, whereas many media members take themselves too seriously and have no concept of anything else other than suffering from Trump Derangement Syndrome,” said Steven Cheung, Trump’s communications director. “President Trump will Make America Great Again and we are getting back to a sense of optimism after a tumultuous four years.” Though both the Biden and Harris campaigns created and shared memes and launched other stunts to respond to Trump's taunts, so far America’s neighbors to the north are not taking the bait. “I don’t think we should necessarily look on Truth Social for public policy,” Miller said. Gerald Butts, a former top adviser to Trudeau and a close friend, said Trump brought up the 51st state line to Trudeau repeatedly during Trump’s first term in office. “Oh God,” Butts said Tuesday, “At least a half dozen times.” “This is who he is and what he does. He’s trying to destabilize everybody and make people anxious,” Butts said. “He’s trying to get people on the defensive and anxious and therefore willing to do things they wouldn’t otherwise entertain if they had their wits about them. I don’t know why anybody is surprised by it.” Gillies reported from Toronto. Associated Press writer Darlene Superville contributed to this report.NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending December 31, 2024. The dividend will be payable on January 23, 2025 to common stockholders of record as of the close of business on December 20, 2024. In addition, the Board declared cash dividends on the Company’s 8.000% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series D Preferred Stock”), 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series E Preferred Stock”), 6.875% Series F Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (“Series F Preferred Stock”) and 7.000% Series G Cumulative Redeemable Preferred Stock (“Series G Preferred Stock”) as stated below. Quarterly Preferred Stock Dividends The Board declared cash dividends for the dividend period that began on October 15, 2024 and ends on January 14, 2025 as follows: About New York Mortgage Trust New York Mortgage Trust, Inc. is a Maryland corporation that has elected to be taxed as a real estate investment trust (“REIT”) for federal income tax purposes. NYMT is an internally managed REIT in the business of acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets. Forward-Looking Statements When used in this press release, in future filings with the Securities and Exchange Commission (the “SEC”) or in other written or oral communications, statements which are not historical in nature, including those containing words such as “will,” “believe,” “expect,” “anticipate,” “estimate,” “plan,” “continue,” “intend,” “could,” “would,” “should,” “may” or similar expressions, are intended to identify “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and, as such, may involve known and unknown risks, uncertainties and assumptions. Statements regarding the following subject, among others, may be forward-looking: the payment of dividends. Forward-looking statements are based on estimates, projections, beliefs and assumptions of management of the Company at the time of such statements and are not guarantees of future performance. Forward-looking statements involve risks and uncertainties in predicting future results and conditions. Actual results and outcomes could differ materially from those projected in these forward-looking statements due to a variety of factors, including, without limitation: changes in the Company’s business and investment strategy; inflation and changes in interest rates and the fair market value of the Company’s assets, including negative changes resulting in margin calls relating to the financing of the Company’s assets; changes in credit spreads; changes in the long-term credit ratings of the U.S., Fannie Mae, Freddie Mac, and Ginnie Mae; general volatility of the markets in which the Company invests; changes in prepayment rates on the loans the Company owns or that underlie the Company’s investment securities; increased rates of default, delinquency or vacancy and/or decreased recovery rates on or at the Company’s assets; the Company’s ability to identify and acquire targeted assets, including assets in its investment pipeline; the Company's ability to dispose of assets from time to time on terms favorable to it, including the disposition over time of its joint venture equity investments; changes in relationships with the Company’s financing counterparties and the Company’s ability to borrow to finance its assets and the terms thereof; changes in the Company's relationships with and/or the performance of its operating partners; the Company’s ability to predict and control costs; changes in laws, regulations or policies affecting the Company’s business; the Company’s ability to make distributions to its stockholders in the future; the Company’s ability to maintain its qualification as a REIT for federal tax purposes; the Company’s ability to maintain its exemption from registration under the Investment Company Act of 1940, as amended; impairments in the value of the collateral underlying the Company's investments; the Company's ability to manage or hedge credit risk, interest rate risk, and other financial and operational risks; the Company's exposure to liquidity risk, risks associated with the use of leverage, and market risks; and risks associated with investing in real estate assets, including changes in business conditions and the general economy, the availability of investment opportunities and the conditions in markets for residential loans, structured multi-family investments, mortgage-backed securities and other assets in which we invest. These and other risks, uncertainties and factors, including the risk factors and other information described in the Company’s reports filed with the SEC pursuant to the Exchange Act, could cause the Company’s actual results to differ materially from those projected in any forward-looking statements the Company makes. All forward-looking statements speak only as of the date on which they are made. New risks and uncertainties arise over time and it is not possible to predict those events or how they may affect the Company. Except as required by law, the Company is not obligated to, and does not intend to, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. For Further Information AT THE COMPANY Investor Relations Phone: 212-792-0107 Email: InvestorRelations@nymtrust.com
Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Police release new photos as they search for the gunman who killed UnitedHealthcare CEO NEW YORK (AP) — Two law enforcement officials say a masked gunman who stalked and killed the leader of one of the largest U.S. health insurance companies on a Manhattan sidewalk used ammunition emblazoned with the words “deny,” “defend” and “depose." The official were not authorized to publicly discuss details of the ongoing investigation and spoke Thursday to The Associated Press on condition of anonymity. Police also released photos of a person they say is wanted for questioning in the ambush the day before of UnitedHealthcare CEO Brian Thompson. The words on the ammunition may have been a reference to tactics insurance companies use to avoid paying claims. Elon Musk and Vivek Ramaswamy are bringing Trump's DOGE to Capitol Hill WASHINGTON (AP) — It’s DOGE time at the U.S. Capitol. Billionaire Elon Musk and fellow business titan Vivek Ramaswamy arrived on Capitol Hill for meetings with lawmakers. The two are heading up President-elect Donald Trump's Department of Government Efficiency, or DOGE, with its plans to “dismantle” the federal government. Trump tapped the duo to come up with ways for firing federal workers, cutting government programs and slashing federal regulations — all part of Trump's agenda for a second-term at the White House. House Speaker Mike Johnson said there's going to be “a lot of change” in Washington. Hegseth faces senators' concerns not only about his behavior but also his views on women in combat WASHINGTON (AP) — Pete Hegseth has spent the week on Capitol Hill trying to reassure Republican senators that he is fit to lead President-elect Donald Trump’s Department of Defense in the wake of high-profile allegations about excessive drinking and sexual assault. But senators in both parties have also expressed concern about another issue — Hegseth’s frequent comments that women should not serve in frontline military combat jobs. As he meets with senators for a fourth day Thursday, his professional views on women troops are coming under deeper scrutiny. Hegseth said this week that “we have amazing women who serve our military.” Pressed if they should serve in combat, Hegseth said they already do. Hamas official says Gaza ceasefire talks have resumed after weekslong hiatus ISTANBUL (AP) — A Hamas official says that after a weekslong hiatus international mediators have resumed negotiating with the militant group and Israel over a ceasefire in Gaza, and that he was hopeful a deal to end the 14-month war was within reach. Ceasefire negotiations were halted last month when Qatar suspended its talks with mediators from Egypt and the United States over frustration with a lack of progress between Israel and Hamas. But Bassem Naim, an official in Hamas’ political wing, said Thursday in an interview with The Associated Press that there has been a “reactivation” of efforts to end the fighting, release hostages from Gaza and free Palestinian prisoners in Israel. Why the rebel capture of Syria's Hama, a city with a dark history, matters BEIRUT (AP) — One of the darkest moments in the modern history of the Arab world happened more than four decades ago, when then-Syrian President Hafez Assad launched what came to be known as the Hama Massacre. The slaughter was named for the Syrian city where 10,000 to 40,000 people were killed or disappeared in a government attack that began on Feb. 2, 1982, and lasted for nearly a month. Hama was turned into ruins. The memory of the assault and the monthlong siege on the city remains visceral in Syrian and Arab minds. Now Islamist insurgents have captured the city in a moment many Syrians have awaited for over 40 years. France's Macron vows to stay in office till end of term, says he'll name a new prime minister soon PARIS (AP) — French President Emmanuel Macron has vowed to stay in office until the end of his term in 2027 and announced that he will name a new prime minister within days. In his address to the nation on Thursday, Macron came out fighting, laying blame at the door of his opponents on the far right for bringing down the government of Michel Barnier. He said they chose “not to do but to undo” and that they “chose disorder.” The president also said the far right and the far left had united in what he called “an anti-Republican front.” He said he’ll name a new prime minister within days but gave no hints who that might be. 7.0 earthquake off Northern California prompts brief tsunami warning SAN FRANCISCO (AP) — The National Weather Service has canceled its tsunami warning for the U.S. West Coast after there was a 7.0 magnitude earthquake. According to the U.S. Geological Survey on Thursday, at least 5.3 million people in California were under a tsunami warning after the earthquake struck. It was felt as far south as San Francisco, where residents felt a rolling motion for several seconds. It was followed by smaller aftershocks. There were no immediate reports of major damage or injury. Yoon replaces the defense minister as South Korea's parliament moves to vote on their impeachments SEOUL, South Korea (AP) — South Korea’s president has replaced his defense minister as opposition parties moved to impeach both men over the stunning-but-brief imposition of martial law that brought armed troops into Seoul streets. Opposition parties are pushing for a vote on motion to impeach President Yoon Suk Yeol on Saturday evening. They hold 192 seats but need 200 votes for the motion to pass. Yoon’s office said he decided to replace Defense Minister Kim Yong Hyun with Choi Byung Hyuk, a retired general who is South Korea’s ambassador to Saudi Arabia. Kim earlier apologized and said he ordered troops to carry out duties related to martial law. The Foreign Ministry also worked to mitigate the backlash and concern over South Korea's democracy. The US government is closing a women's prison and other facilities after years of abuse and decay WASHINGTON (AP) — The Associated Press has learned that the federal Bureau of Prisons is permanently closing its “rape club” women’s prison in California and will idle six facilities in a sweeping realignment after years of abuse, decay and mismanagement. The agency informed employees and Congress on Thursday that it plans to shutter the Federal Correctional Institution in Dublin, California, and its deactivate minimum-security prison camps in Wisconsin, Minnesota, Colorado, Pennsylvania, West Virginia and Florida. Staff and inmates are being moved to other facilities. The closures come amid an AP investigation that has uncovered deep, previously unreported flaws within the Bureau of Prisons. From outsider to the Oval Office, bitcoin surges as a new administration embraces crypto NEW YORK (AP) — Bitcoin burst on the scene after trust had withered in the financial system and Washington’s ability to protect people from it. Now, it’s Washington’s embrace of bitcoin that’s sending it to records. Bitcoin briefly surged above $103,000 after President-elect Donald Trump said he will nominate Paul Atkins, who's seen as friendly to crypto, to be the Securities and Exchange Commission's next chair. The crypto industry, meanwhile, did its part to bring politicians friendly to digital currencies into Washington. It's a twist from bitcoin's early days, when it was lauded as a kind of electronic cash that wouldn’t be beholden to any government or financial institution.
Donald Trump is returning to the world stage. So is his trollingHappy holidays from Bad Bunny , who announced Thursday he will release a new album Jan. 5. “Debí Tirar Más Fotos,” which translates to “I should have taken more photos,” is his sixth studio album and follows in his tradition of releasing new music on unexpected dates. His debut album, 2018’s “X 100PRE," arrived around Christmas and 2020's “El Último Tour del Mundo” near Thanksgiving. The January release date is just before “Día de Reyes,” or Three Kings Day, and is a Sunday — unlike the industry's standard Friday release date. The Puerto Rican musician announced the news on Instagram in a short video featuring filmmaker Jacobo Morales. He also released a new single, “PIToRRO DE COCO.” A day before, Bad Bunny teased a 17-track list on social media, with each song titled “BOMBA,” perhaps in reference to the Puerto Rican musical style and dance. “Debí Tirar Más Fotos” follows 2023's “Nadie Sabe Lo Que Va a Pasar Mañana” (“Nobody Knows What Will Happen Tomorrow”), which was met with mixed reviews. On that album, Bad Bunny's reggaeton offerings were limited, returning instead to the Latin trap of “X 100PRE” in songs like “MONACO” and “GRACIAS POR NADA.” The announcement caps a busy year for El Conejo Malo. Bad Bunny made headlines after he threw his support behind Vice President Kamala Harris shortly after a comedian at Donald Trump’s Madison Square Garden rally made crude jokes about Latinos and called Puerto Rico a “floating island of garbage.” He also canvassed North America on his “Most Wanted Tour,” which made The Associated Press' list of the best concerts of the year.NEW YORK (AP) — New York City Mayor Eric Adams met with President-elect Donald Trump’s incoming “border czar” on Thursday, with the Democratic mayor expressing an enthusiasm to work with the incoming administration to pursue violent criminals in the city while Trump promises mass deportations. The mayor’s meeting with Tom Homan, who will oversee the southern and northern borders and be responsible for deportation efforts in the Trump administration, came as Adams has welcomed parts of the president-elect’s hardline immigration platform. Adams told reporters at a brief news conference that he and Homan agreed on pursuing people who commit violent crimes in the city but did not disclose additional details or future plans. “We’re not going to be a safe haven for those who commit repeated violent crimes against innocent migrants, immigrants and longstanding New Yorkers,” he said. “That was my conversation today with the border czar, to figure out how to go after those individuals who are repeatedly committing crimes in our city.” The meeting marked Adams’ latest and most definitive step toward collaborating with the Trump administration, a development that has startled critics in one of the country’s most liberal cities. In the weeks since Trump’s election win, Adams has mused about potentially scaling back the city’s so-called sanctuary policies and coordinating with the incoming Trump administration on immigration. He has also said migrants accused of crimes shouldn’t have due process rights under the Constitution, though he eventually walked back those comments. The mayor further stunned Democrats when he sidestepped questions last week on whether he would consider changing parties to become a Republican, telling journalists that he was part of the “American party.” Adams later clarified that he would remain a Democrat. For Adams, a centrist Democrat known for quarreling with the city’s progressive left, the recent comments on immigration follow frustration with the Biden Administration over its immigration policies and a surge of international migrants in the city. He has maintained that his positions have not changed and argues he is trying to protect New Yorkers, pointing to the law-and-order platform he has staked out throughout his political career and during his successful campaign for mayor. At his news conference Thursday, Adams reiterated his commitment to New York’s generous social safety net. “We’re going to tell those who are here, who are law-abiding, to continue to utilize the services that are open to the city, the services that they have a right to utilize, educating their children, health care, public protection,” he said. “But we will not be the safe haven for those who commit violent acts.” While the education of all children present in the U.S. is already guaranteed by a Supreme Court ruling, New York also offers social services like healthcare and emergency shelter to low-income residents, including those in the country illegally. City and state grants also provide significant access to lawyers, which is not guaranteed in the immigration court as they are in the criminal court. Still, Adams’ recent rhetoric has been seen by some critics as an attempt to cozy up to Trump, who could potentially offer a presidential pardon in his federal corruption case. Adams has been charged with accepting luxury travel perks and illegal campaign contributions from a Turkish official and other foreign nationals looking to buy his influence. He has pleaded not guilty. Homan, who was Trump’s former acting U.S. Immigration and Customs Enforcement director, also met this week with Republicans in Illinois, where he called on Gov. J.B. Pritzker and Chicago Mayor Brandon Johnson, both Democrats, to start negotiations over how Trump’s mass deportation plans, according to local media. Separately, New York City officials this week announced continued efforts to shrink a huge emergency shelter system for migrants because of a steady decline in new arrivals. Among the planned shelter closures is a massive tent complex built on a federally owned former airport in Brooklyn, which advocates have warned could be a prime target for Trump’s mass deportation plan. Elsewhere, Republican governors and lawmakers in some states are already rolling out proposals that could help him carry out his pledge to deport millions of people living in the U.S. illegally. ___ Izaguirre reported from Albany, N.Y. Anthony Izaguirre And Cedar Attanasio, The Associated Press
Friendly reminder |
The authenticity of this information has not been verified by this website and is for your reference only. Please do not reprint without permission. If authorized by this website, it should be used within the scope of authorization and marked with "Source: this website". |
Special attention |
Some articles on this website are reprinted from other media. The purpose of reprinting is to convey more industry information, which does not mean that this website agrees with their views and is responsible for their authenticity. Those who make comments on this website forum are responsible for their own content. This website has the right to reprint or quote on the website. The comments on the forum do not represent the views of this website. If you need to use the information provided by this website, please contact the original author. The copyright belongs to the original author. If you need to contact this website regarding copyright, please do so within 15 days. |