Mark Larson Senate votes to terminate Trumps border order

first_img KUSI Newsroom, Updated: 6:30 PM Posted: March 14, 2019 March 14, 2019 KUSI Newsroom center_img 00:00 00:00 spaceplay / pause qunload | stop ffullscreenshift + ←→slower / faster ↑↓volume mmute ←→seek  . seek to previous 12… 6 seek to 10%, 20% … 60% XColor SettingsAaAaAaAaTextBackgroundOpacity SettingsTextOpaqueSemi-TransparentBackgroundSemi-TransparentOpaqueTransparentFont SettingsSize||TypeSerif MonospaceSerifSans Serif MonospaceSans SerifCasualCursiveSmallCapsResetSave SettingsSAN DIEGO (KUSI) – In a stunning rebuke, a dozen defecting Republicans joined Senate Democrats Thursday to block the national emergency that President Donald Trump declared so he could build his border wall with Mexico. The rejection capped a week of confrontation with the White House as both parties in Congress strained to exert their power in new ways.The 59-41 tally, following the Senate’s vote a day earlier to end U.S. involvement in the war in Yemen, promised to force Trump into the first vetoes of his presidency. Trump had warned against both actions. Moments after Thursday’s vote, the president tweeted a single word of warning: “VETO!”KUSI Contributor and AM 760 host Mark Larson was at KUSI to discuss the Senate’s vote and what comes next.Related stories:Senate votes to terminate Trump’s border orderLocals react: Is there a real national emergency at the U.S.-Mexico border? Mark Larson: Senate votes to terminate Trump’s border order Categories: Local San Diego News, National & International News FacebookTwitterlast_img read more

Ticket Info For The WilmingtonTewksbury Thanksgiving Game

first_imgWILMINGTON, MA — Wilmington High will battle Tewksbury High in the 85th Annual Thanksgiving Day Football Game on Thursday, November 22 at 10am at Alumni Stadium in Wilmington.Advanced tickets cost $10 for adults and $5 for students and senior citizens. Cash only.Tickets will be on sale at Wilmington High School on Monday, November 19 and Tuesday, November 20, from 8am to 2pm.On game day, tickets will also be available for $10 (all ages) at the gate. Cash only.(NOTE: Ticket information is from the WHS Athletic Department.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedTicket Info For The Wilmington-Tewksbury Thanksgiving GameIn “Sports”Ticket Info For The Wilmington-Tewksbury Thanksgiving GameIn “Sports”10 Things You Need To Know In Wilmington Today (November 22)In “5 Things To Do Today”last_img read more

Trumps Mexican tariff threat causes concern for car companies report says

first_img Now playing: Watch this: Share your voice 8 Photos Tags Comments AutoComplete: Chinese tariffs on US vehicles going away,… 1:21 Enlarge ImagePresident Trump is threatening to levy a tariff of up to a 25% on all goods from Mexico, and this is causing automakers to panic. Getty Images Automotive tariffs have been in the news quite a bit over the past few months, but those have mostly related to China, and that’s caused plenty of hiccups for the global automotive industry. Now though, things are getting really real because the Trump administration is going after Mexico. Specifically, Trump is calling for a 5% tariff on all goods coming from Mexico, one that would increase until hitting a ceiling of 25% in October. Why is he doing this? Illegal immigration — or at least that’s what he’s saying, according to a report published Friday by Reuters.This 5% tariff would drive prices up on a massive number of goods, ranging from Mexican Coke and Topo Chico to nuclear reactor parts and cars built by companies like Ford and even vehicles from German and Asian manufacturers like BMW, VW and Toyota. Some estimates suggest that this tariff would boost US car prices by over $1,000 per unit.Given the fragile state that the American automotive market is in right now, it’s unlikely that manufacturers could realistically pass that extra cost onto customers without suffering further drops in sales. That means the companies would have to eat the cost and cut their thin margins even thinner.Trump’s threats have caused stock prices to slip for auto manufacturers from all over the world. In Japan, Mazda’s stock dropped by 7%, while Nissan dropped by 5%, Honda by 4% and Toyota by 2%. In Korea, Kia’s shares declined by 4.2% and Hyundai slipped by 0.7%. The Germans’ stock fell by as much as 2.9%.Mexico’s automotive industry is massive, and the bulk of it feeds the American market. According to Reuters, cars and car parts are Mexico’s most significant export, with a value totaling $93.3 billion in 2018. BMW Ford Honda Hyundai Kia Mazda Nissan Toyota Volkswagencenter_img More From Roadshow 2020 BMW M340i review: A dash of M makes everything better 5 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Car Industry Politics The 2018 Ford Fiesta proves that a little dab will do yalast_img read more

Oil falls as August price rally seen overblown China fuel exports jump

first_imgOil prices fell on Monday as analysts doubted upcoming producer talks would rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August’s more than 20-percent crude rally looks overblown.Soaring exports of refined products from China also pressured prices, as this was seen as the latest indicator of an ongoing global fuel glut, traders said.China’s July exports of diesel and gasoline soared by 181.8 and 145.2 percent respectively compared with the same month last year, to 1.53 million tonnes and 970,000 tonnes each, putting pressure on refined product margins DUB-SIN-REF.Brent crude futures LCOc1 were trading at $50.22 per barrel at 0224 GMT, down 66 cents, or 1.3 percent.U.S. West Texas Intermediate (WTI) crude Clc1 was down 51 cents, or 1.05 percent, at $48.01 a barrel.Analysts cast doubt on an August price rally, saying that much of it was a result of short-covering and anticipation of upcoming producer talks to discuss means to curb oversupply.”Positioning data seems to confirm our view that the latest oil bounce is more technical and positioning-oriented than fundamental. In fact, new buyers have been mostly absent the past few months,” Morgan Stanley said.Regarding the upcoming producer talks, the bank said a agreement was “highly unlikely” and that there were “too many headwinds and logistical challenges to a meaningful deal”.Members of the Organization of the Petroleum Exporting Countries (OPEC) and other producers like Russia are set to meet in September to discuss a freeze in output levels in order to rein in on oversupply, but analysts said animosity between OPEC-members Saudi Arabia and Iran made a deal unlikely.”Though Iran now sits roughly 200,000 barrels per day away from its monthly pre-sanctions peak in May 2011, we do not see it accepting restraints on its output, and without Iran’s inclusion, Saudi Arabia will not take part,” Barclays said.As a result, the bank said that “the stars remain misaligned for an OPEC/non-OPEC freeze agreement”.Because of the ongoing production and storage overhang in fuel markets, Barclays said that the 20-percent price rally in August was unwarranted, and that oil prices of $50 or higher were unsustainable.”Oil prices will likely experience another short-term dip in the coming weeks, in our view, before more sustainably moving to average $50 in Q4,” it added.Adding to the outlook of plentiful supplies, the U.S. oil rig count increased by 10 last week.”Since its recent trough in May 2016, the U.S. oil rig count is up 28 percent at 406; this rebound has been driven by the increase in horizontal rigs,” said Goldman Sachs.last_img read more