Share this page!

Max Kennerly Profile picture
Twitter logo
13 Apr, 6 tweets, 6 min read
Good evening folks, some of the biggest names on Wall Street are releasing their earnings this week, and so it's time for your favorite show,

📈TRADE
👍LIKE
🗣️A
💰REPUBLICAN
🤡SENATOR

With tonight's guests, @SenCapito & @LeaderMcConnell! Let's see what they're investing in.

/1
.@LeaderMcConnell mostly puts his millions into Vanguard mutual funds—including making money off of underfunded infrastructure that forces municipalities to issue debt—but he's got a special place in his heart for Wells Fargo, which does lots of lobbying. /2
.@LeaderMcConnell and his wife just can't get enough Wells Fargo $WFC stock. Bought some more in March. Wells Fargo announces their earnings Wednesday morning, get your orders in now!
/3
.@SenCapito and her husband are like full-on daytraders, with hundreds of transactions. But just today she submitted a new disclosure with some of her picks for the upcoming winners and losers among Wall Street's earnings week.
/4
Here's the stock picks of @SenCapito, who'd know as a member of the Senate Commerce Committee:

⬆️⬆️$UBSI United Bankshares (earnings on 4/29)
⬆️$USB U.S. Bancorp (4/15)
⬆️$JPM JPMorgan Chase (4/14)
⬆️$BLK BlackRock (4/15)
⬆️$WFC Wells Fargo (4/14)
🔻$C Citigroup (4/15)

/5
Anyway this is terrible, members of Congress shouldn't be trading stocks at all, there's a bill to stop it by @SenJeffMerkley @SenatorWarnock @SenSherrodBrown @CongressmanRaja @AOC @MondaireJones @EleanorNorton @RepSpeier @janschakowsky and others.

/end
merkley.senate.gov/news/press-rel…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Max Kennerly

Max Kennerly Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @MaxKennerly

Max Kennerly Profile picture
15 Mar
The new thing on the right is calling the COVID vaccines "gene therapy." That's like saying horses are solar-powered because they eat plants. It's wordplay, the type of statement that is only "true" in a silly, useless, bad faith way.

Let's discuss.
/1
A viral vaccination works by putting something like the virus in your body so your immune system can learn to fight the virus. You can use a weakened or dead version of the virus, a specific part of the virus, or code for part of the virus.
/2
The vaccines carry code for the COVID spike protein. J&J carries it in DNA stuffed into a virus that can't replicate (Ad26), Moderna & Pfizer carry it in mRNA. Your cells read it and start making the spike protein.

None of them change your own genes.
/3 nytimes.com/interactive/20…
Read 7 tweets
Max Kennerly Profile picture
2 Mar
Manchin's hero, Robert Byrd, believed presiding officer + 51 votes = cloture.

But if Manchin disagrees, he leaves @SenSchumer & @VP with no choice: end the "two-track" system and enforce Senate rules for debate.

There's a reason filibusters before 1972 usually failed.

/1
Talk back to the presiding officer? Fail (1837)

Poisoned eggnog? Somebody stepped out? Fail (1908)

Impugn another Senator? Fail (1948)

Need to pee? Trolled by a Senator with a drink? Fail (1957)

That's the real tradition of the filibuster.

getrevue.co/profile/maxken…

/2
.@Sen_JoeManchin talks about Robert Byrd as if he was a Republican obstructionist. The reason cloture is 3/5 now instead of 2/3 is because Dems, including Byrd, used the nuclear option in 1975.

Byrd's own view was chair + 51 votes = cloture.
getrevue.co/profile/maxken…
/3
Read 5 tweets
Max Kennerly Profile picture
26 Feb
Reminder about all the supposed "norms" of the Senate: in 2001, when the Senate Parliamentarian "made it harder for the GOP to push President Bush's budget and tax cut proposals through the evenly divided body," Republicans simply fired him: washingtonpost.com/archive/politi…
I don't blame the Senate Parliamentarian, the "rules" of reconciliation are a joke.

In terms of "what now?" both options—VP Harris ruling otherwise or a standalone minimum wage bill—boil down entirely to whether 50 Dems would do it, i.e. Manchin & Sinema.
It's not really up to Harris. Sure, she can disregard the Parliamentarian—but she'll immediately face an appeal of her ruling. If she doesn't have 50 votes to back it up, it's an embarrassing defeat for no reason. The problems here are Manchin & Sinema.
Read 8 tweets
Max Kennerly Profile picture
6 Feb
I want to pick up on the 'emergency relief' aspect, because this is yet another example of SCOTUS's "shadow docket" where they decide cases without full proceedings.

Unsurprisingly, they botched the facts of COVID restrictions in California.

/1
Gorsuch, joined by Thomas & Alito, couldn't figure out the rules for singing in movie productions, so inexplicably decided the issue in the church's favor.

Barrett, joined by Kavanaugh, held it was "unclear," but recognized the church bore the burden.

They're all wrong.

/2 ImageImageImage
As California pointed out in its brief, and the Ninth Circuit recognized, the film industry has onerous safety protocols that the church doesn't have and never said they'd adopt. It's not comparable.

And anyway they've also been prohibited from singing indoors since November.
/3 ImageImageImage
Read 4 tweets
Max Kennerly Profile picture
6 Feb
Once again, Silver reveals that he has no idea what he's talking about. The J&J / Janssen vaccine uses a technology (adenoviral vector) that is entirely different from Moderna & Pfizer's (mRNA).

Let's talk for a second about what the FDA is doing and why.

/1
First, Silver's (and Yglesias's) whole argument is premised on FDA review of J&J's vaccine delaying distribution. That's questionable. J&J keeps a lot of this stuff confidential, but we know they've had delays and are not ready to distribute yet.

/2
At this very moment, the Biden admin is working to speed up J&J's production line. @aslavitt46 is on it. There is no benefit whatsoever in yelling at the FDA for doing its job to ensure the safety and efficacy of the vaccine.

/3 reuters.com/article/health… Image
Read 8 tweets
Max Kennerly Profile picture
3 Feb
It's hardly surprising to see something thoughtless and outrageous from Greenwald & Dore, but I want to discuss one particular undercurrent of misogyny here, because it's widespread.

That is: if a woman is impolite to a man, the man is absolved of all responsibility.

/1
Let's assume Ted Cruz, a champion of deregulation who voted to rollback much of Dodd-Frank and is married to a managing director at Goldman Sachs, was sincere. 🙄

Is there a valid reason why Cruz's support for an investigation should depend on AOC's response? Of course not.

/2
For comparison, many members of the Obama admin had a hostile relationship with Warren over the CFPB's formation.

It would've been weird, gross, and pathetic if Obama had withdrawn support over that. But he's a grown man, so the work continued.

/3
Read 6 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get emails when @MaxKennerly has new unrolls!

Check out other threads from @MaxKennerly!

Read all threads by @MaxKennerly