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Stephanie Ruhle Profile picture
@SRuhle
Sep 22, 2020 • 6 tweets • 3 min read • Read on X
.@MikeBloomberg has raised $16M to help ex-felons in Florida pay fines so they can vote in November.

The funds will fuel a voter program that has identified 32,000 mostly Black and Latino voters who would otherwise be disenfranchised.

nbcnews.com/politics/2020-…
"The voice of the people is the ultimate basis for our democracy. Floridans overwhelmingly voted in 2018 to restore voting rights to people who had served their time..." - @RepValDemings
(Cont'd)..."During dark times in our history, millions of Americans have been denied their voting rights by unconstitutional poll taxes and tests like those imposed now by the Florida GOP..." - @RepValDemings
(Cont'd)..."I strongly support national and grassroots efforts to fulfill the intention of Amendment 4, reject GOP sabotage of that effort, and restore the voices and votes of our fellow citizens." - @RepValDemings
"Republicans & Democrats alike overwhelmingly supported this initiative in 2018, because in America, you get a second chance..." - @steveschale
(Cont'd)..."I’ve long contended the political calculations on this are overblown - what’s important here is tens of thousands of our fellow citizens who have paid their debt to society can now with confidence participate in the November elections." - @steveschale

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More from @SRuhle

Stephanie Ruhle Profile picture
Mar 24
Get ready boys & girls -
Banks might not wanna touch financing trump bc of the headline disaster. But it's entirely plausible someone will.
See below:
Since it’s 3bn, a loan covered by stock would be safe until the stock was down below say $6 per share. It’s a pretty good bet it will be way above if he wins. Risk looks like he loses unless the loan is paid back in 6 months which is only 6 weeks before the election.
If the race looks close, the stock will likely still be way above 6.
So the risk is by Sep 25 he looks like he’ll nearly certainly lose. You make the loan, you sold a deep out the money (out on the stock in essence. )
And maybe you can even hedge a bit if it by shorting dwac.
Read 4 tweets
Stephanie Ruhle Profile picture
Jul 27, 2022
We don’t need to run in circles debating the definition of a recession -it’s 2 consecutive quarters of negative GDP.
But we’re not trying to ace an econ 101 exam.We’re trying to understand the current and future economic climate.
It is not entirely GOOD or BAD - IT’S COMPLICATED
It's no surprise that consumer confidence is down- almost everything costs more!
Tomorrow’s GDP# will only increase recession talk.
However - unlike a normal time of challenging inflation, we have positives
- low unemployment
- strong job growth
- high rate of household savings
Jay Powell has a HARD task at hand.
If inflation was not at 9%, the fed might have cut rates to cushion the economic slowdown...but Powell has got to tackle his bigger problem first.
So we'll get the rate hike.
It will short term hurt...with the hopes it will long term help
Read 4 tweets
Stephanie Ruhle Profile picture
Nov 16, 2021
A thread on the latest retail numbers:

Prices are high. Consumers are mad. But that’s not stopping them from spending.

Walmart’s earnings call defied every recent headline about labor, inflation and supply chain issues.
- WMT hired 200,000 new workers in the last 3 months. 2,200 people a day - 150,000 in stores

- Supply Chain - WMT inventory is up 11.5% - they are stocked up for Christmas

-October Retail Sales up 1.7% from September and 16.3% from last year
This is one additional indicator of how consumers are feeling. We know they are not happy – consumer sentiment is down to a 10 year low – but may still be forking over the cash for early holiday gifts ahead of supply chain concerns this holiday season.
Read 6 tweets
Stephanie Ruhle Profile picture
Apr 8, 2021
*THREAD*

Jeff Bezos likes Biden’s infrastructure bill — consider how would it impact him. More money pumped into the system and more jobs will likely be a win for our largest retailers (Amazon/Walmart).
We saw the boost to their businesses every time direct payments hit over the last year. When people make more (especially at the lower levels), they spend it. Our largest retailers will see direct benefits.
The concerns other corporates and business groups are expressing about the impact of raising the corporate tax rate from 21-28% will have little/no impact on Amazon, unless significant other changes are made to the tax code.
Read 4 tweets
Stephanie Ruhle Profile picture
Apr 6, 2021
As corporate America is digesting proposed tax hikes as part of POTUS's infrastructure package, Treasury Sec. Yellen is pushing for a Global Minimum Tax Rate (lobbying other countries to commit to a tax floor).

*THREAD*
Yellen frames it as a way to “stop the race to the bottom” and foster more equitable economic growth among countries and regions.
A global minimum tax would be a giant win for Biden and could help American multinational companies who are likely to see a tax hike from being at a competitive disadvantage.
Read 7 tweets
Stephanie Ruhle Profile picture
Mar 12, 2021
THREAD:

As we look at the “year that was”.... When the WHO declared Covid-19 a pandemic, markets went into free fall. A few days later on Monday, March 16, 2020, markets had their worst day of the pandemic.
S&P fell 325 points (-324.89) nearly 12%.

The Dow lost nearly 3,000 points (-2,997.10) nearly 13%.

The Nasdaq lost over 970 points (-970.29) nearly 12%.
Markets continued to struggle as states shut down, with hardest hit industries like travel & hospitality laying off thousands and suffering huge market losses.

Conversely, tech-giants enabling work-from-home & e-commerce behemoths/essential retailers soared.
Read 8 tweets

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