Wall Street Breakfast Podcast: Trump Safe After Apparent Assassination Attempt, DJT Rises

seekingalpha09-16

Former President Donald Trump is safe after an apparent attack at his Florida golf club, with the suspect apprehended by law enforcement.Intel qualifies for $3.5 billion in federal grants to produce ...

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LPETTET Listen below or on the go on Apple Podcasts and Spotify \n\n\n\n\n\n\n\n\nDonald Trump (DJT) safe after apparent assassination attempt at Florida golf club. (00:28) Intel (INTC) is said to qualify for $3.5B in military chip grants. (01:52) Oracle (ORCL) rally: Larry Ellison briefly overtook Bezos to be world's second-richest person. (02:59) This is an abridged transcript of the podcast. Former President Donald Trump is safe after what the FBI called an apparent assassination attempt on Sunday at his golf course in West Palm Beach, Florida. During an afternoon press conference, law enforcement officials said that the gunman was hiding in the bushes near the property line of the golf course, when Secret Service agents spotted a firearm muzzle sticking out of the fence. The agents engaged the individual and shots were fired around 1:30 P.M. The gunman dropped the AK-47 style rifle with a scope, along with two backpacks and a GoPro camera, and fled in a black Nissan SUV. The Martin County Sheriff’s Office said in a Facebook post that it stopped a vehicle on I-95 north after authorities in nearby Palm Beach County put out a \"be on the lookout\" alert. They were able to take the suspect into custody. It was two months ago that the former President’s ear was grazed by a bullet during an assassination attempt at a rally in Pennsylvania. Trump Media & Technology (DJT) tumbled in the aftermath of the U.S. presidential debate, but somewhat recovered on Friday as former President Trump said at a news conference he's not prepared to sell his shares in the company. The stock closed Friday up 11.8%, but was down 4.1% for the week. Premarket DJT is up more than 4%. Intel (NASDAQ:INTC) has officially qualified for as much as $3.5 billion in federal grants to make semiconductors for the Pentagon. After reaching a binding agreement with U.S. officials, the chipmaker will participate in the secretive program called Secure Enclave. It aims to set up production of advanced chips for military and intelligence services. Intel (INTC) was the frontrunner for the award, but other chipmakers objected amid concerns that the Pentagon is too reliant on a single company. There also was a fight among several agencies and Capitol Hill that threatened to reduce Intel’s (INTC) funding. Bloomberg News reported that the agreement may be announced as soon as next week. The funding would add to $8.5 billion in grants and $11 billion in loans that Intel (INTC) received in March through the Chips and Science Act. Intel (INTC) is still hammering out the terms of the broader incentive package that’s intended to support facilities in Arizona, Ohio, New Mexico and Oregon. The company hasn’t received any money yet, and its award is considered preliminary. Larry Ellison, Oracle's (NYSE:ORCL) co-founder and technology chief, briefly overtook Amazon (NASDAQ:AMZN) founder Jeff Bezos to be the world's second-richest person. Oracle shares saw their best week since late 2021. The stock gained 14.3% last week after Oracle's (ORCL) Q1 earnings topped expectations and its long-term targets impressed investors. The stock rally briefly lifted Ellison's net worth to $208.4B on Friday, according to Forbes' Real-Time Billionaires List, but it has since come down to $197.7B. Ellison, who owns about a 40% stake in Oracle (ORCL), is the company's biggest shareholder. Bezos' net worth stands at $204.4B. Tesla (TSLA) CEO Elon Musk holds the crown as the world’s richest person. More articles on Seeking Alpha: Stock moves reflect downgrade for US economic growth outlook - Goldman Wall Street is alarmed about weaker consumer-credit trends: WSJ Boeing strike may drag on, workers have 'most leverage' than ever before - union boss Catalyst watch:  The Denver Gold Forum will take place over three days. Companies scheduled to present at one of the world's most well-known mining equities investment forums include Solitario Resources (XPL), Equinox Gold (EQX), U.S. Gold (USAU), Hecla (HL), and Coeur Mining (CDE). Microsoft (MSFT) will hold a special event at 11am during which CEO Satya Nadella and Corporate Vice President Jared Spataro will discuss the next phase of Copilot innovation.  Now let’s take a look at the markets as of 6 am. Ahead of the opening bell today, Dow, S&P and Nasdaq futures are in mixed territory. Crude oil is up 0.6% at $69/barrel. Bitcoin is down 2.3% at $58,000. In the world markets, the FTSE 100 is down 0.1% and the DAX is down nearly 0.4%. The markets in China and Japan were closed for a holiday. The biggest movers for the day premarket: Stratasys (NASDAQ:SSYS) is up 8.7% after the 3D printer maker's board authorized a $50M share repurchase program, equivalent to 10% of its current market value. On today’s economic calendar: 8:30 Empire State Mfg Survey","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"analysis","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.28.1","shortVersion":"4.28.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2467117398"}