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During a recent tele-town hall, Congressman Andy Harris defended Elon Musk, claimed massive fraud in the Social Security Administration, and criticized the Small Business Administration for $330 million in fraudulent loans. He also discussed past federal job cuts under President Clinton and expressed controversial views on tax cuts and health research funding, asserting that the federal government is overly generous with taxpayer dollars. Harris emphasized his disconnect from Maryland voters, despite representing a district that largely supported Trump.
A fierce debate over the H-1B visa program has erupted among Trump allies, with figures like Elon Musk advocating for its necessity in tech, while Steve Bannon and others criticize it as a means of cheap labor undermining American workers. The program, which allows U.S. companies to hire skilled foreign workers, has seen renewed scrutiny amid economic concerns and layoffs in the tech sector. As Trump shifts his stance to support the program, tensions rise between his MAGA base and the tech elite he needs for job creation.
Major US exchanges, including the NYSE and Nasdaq, will close on January 9 in observance of a National Day of Mourning for former President Jimmy Carter, as declared by President Joe Biden. The bond market will close early at 2:00 PM ET, while US index futures and the Volatility Index will also have modified trading hours. Despite these closures, forex trading and certain commodity markets will remain open, allowing traders to explore opportunities during this period.
Russell 2000 futures surged over 2% following Donald Trump's presidential victory, marking a potential year-end rally driven by Republican control in Congress. The index broke out of an ascending triangle pattern, with targets set at 2,450 and 2,500 points, signaling a bullish trend ahead.
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andy harris discusses government efficiency and fraud in tele-town hall
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11:30 30.03.2025
debate intensifies over h-1b visa program amid economic concerns and criticism
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us markets to close for national day of mourning on january ninth
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