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Monday, June 9, 2025

Harris slammed by California sheriff for ‘embarrassing’ LA riots statement blaming Trump

A California sheriff has ripped Kamala Harris after the former vice president blamed President Trump for starting the anti-ICE protests that are wreaking havoc in Los Angeles.

“President Trump didn’t start these riots. He’s not out there lighting cars on fire, hurling projectiles at law enforcement or blocking freeways,” Riverside County Sheriff Chad Bianco said in a post on X as he shared Harris’ remarks.

“This statement is an embarrassment and does nothing to diffuse the violent riots taking place across the city.”

“The Democrats and their ‘leaders’ own this,” he added.

Bianco, who is running for governor in 2026, lashed out at Harris after she accused the Trump administration of “stoking fear” by opting to deploy the National Guard to quell the violence.

“Los Angeles is my home. And like so many Americans, I am appalled at what we are witnessing on the streets of our city,” Harris said.

“Deploying the National Guard is a dangerous escalation meant to provoke chaos.”

The former veep went on to claim that the protests playing out in LA had been “overwhelmingly peaceful” — despite the LAPD chief admitting his officers were “overwhelmed” by the violence and vandalism after three consecutive days of demonstrations.

Wild scenes have shown anti-ICE agitators hurling rocks and cement at federal agents, as well as setting cars on fire and storming highways.

Police, meanwhile, declared all of downtown Los Angeles an unlawful assembly area and ordered protesters to go home on Sunday night.

Harris’ remarks echoed those of Gov. Gavin Newsom and other local officials who have accused Trump of inflaming the protests by ordering a federal response.

Newsom said he planned to sue the administration over the deployment of National Guard troops, adding that Trump “has created the conditions” around the protests.

He accused the president of trying to manufacture a crisis and of violating California’s state sovereignty.

Los Angeles Mayor Karen Bass, too, blamed the Trump administration for inciting tension by sending in the National Guard.

“I don’t want people to fall into the chaos that I believe is being created by the administration completely unnecessarily,” she griped.

“Looking really bad in L.A. BRING IN THE TROOPS!!!” Trump said in a Truth Social post.

“ARREST THE PEOPLE IN FACE MASKS, NOW!” he added.

https://nypost.com/2025/06/09/us-news/kamala-harris-slammed-by-california-sheriff-for-embarrassing-statement-on-la-riots/

Newsom dares Homan to arrest him amid violent anti-ICE riots

California Gov. Gavin Newsom added fuel to the fire after daring President Trump’s border czar Tom Homan to arrest him for failing to crack down on violent anti-ICE agitators in his state.

“Come after me. Arrest me. Let’s just get it over with, tough guy,” the defiant Democrat told NBC News on Sunday.

Newsom’s taunt came soon after Homan had warned that the governor and Los Angeles Mayor Karen Bass could both face federal charges for trying to thwart ICE raids throughout the city.

“I’ll say it about anybody,” Homan had said in a weekend interview as fiery scenes erupted throughout Los Angeles.

“You cross that line, it’s a felony to knowingly harbor and conceal an illegal alien. It’s a felony to impede law enforcement doing their job.”

In response to the violence, Trump said he’d deploy 2,000 California National Guard troops to the city as federal immigration agents faced off against scores of anti-ICE protesters for a third day.

Newsom, who insisted the Trump move would only exacerbate the conditions, stoked the flames — as he accused the administration of using federal power as a political weapon.

“He’s a tough guy. Why doesn’t he do that? He knows where to find me,” Newsom told the outlet.

“But you know what? Let your hands off 4-year-old girls that are trying to get educated. Let your hands off these poor people. They’re just trying to live their lives, man. Trying to live their lives, paying their taxes. Been here for 10 years. The fear, the horror.”

“The hell are they doing? These guys need to grow up. They need to stop, and we need to push back. And I’m sorry to be so clear, but that kind of bloviating is exhausting. So, Tom, arrest me. Let’s go,” he added.

Homan accused the governor of spewing anti-ICE rhetoric in the wake of the violence.

“We’re arresting bad people. We’re enforcing laws and following up on a serious criminal investigation on cartel financing. So that’s exactly what ICE did. And ICE took a lot of bad people off the street that day,” he told Fox News’ “Fox & Friends.”

“We arrested a sexual predator, arrested gang members, arrested somebody that had an armed robbery conviction. So we made LA Safer.”

“The men and women of ICE, the men and women of the border control made LA safer that day, but you’re not hearing any of this. All you hear is a rhetoric about ICE being racist and ICE being Nazis and terrorists — and Gov. Newsom feeds that,” he added.

Newsom, for his part, said he plans to file a lawsuit against the Trump administration first thing Monday to thwart the deployment of troops.

“They never coordinated with the governor of the state.”

“This is about authoritarian tendencies. This is about command and control. This is about power. This is about ego,” he added.

https://nypost.com/2025/06/09/us-news/gov-newsom-adds-fuel-to-fire-dares-trumps-border-czar-tom-homan-to-arrest-him-amid-violent-anti-ice-riots/

May US Median Inflation Expectations Down for Both Short Term and Medium Term in NY Fed Survey

The Federal Reserve Bank of New York’s Center for Microeconomic Data today released the May 2025 Survey of Consumer Expectations, which shows that households’ inflation expectations declined at the short-, medium-, and longer-term horizons. Consumers’ recent pessimism about the labor market eased somewhat, while consumer debt delinquency expectations and expectations about one’s household financial situation improved slightly.

The main findings from the May 2025 Survey are:

Inflation

Median inflation expectations decreased at all three horizons in May. One-year-ahead inflation expectations declined by 0.4 percentage point to 3.2%, three-year-ahead inflation expectations declined by 0.2 percentage point to 3.0%, and five-year-ahead inflation expectations declined by 0.1 percentage point to 2.6%. The survey’s measure of disagreement across respondents (the difference between the 75th and 25th percentile of inflation expectations) decreased at all three horizons. The declines in median one- and three-year-ahead inflation expectations were broad-based across age, education, and income groups.
Median inflation uncertainty—or the uncertainty expressed regarding future inflation outcomes—declined at the one-year horizon and was unchanged at the three- and five-year horizons.

Median home price growth expectations decreased by 0.3 percentage point to 3.0%. This series has been moving in a narrow range between 3.0% and 3.3% since August 2023. The decline was driven by respondents in the West and South census regions.
Median year-ahead commodity price change expectations decreased by 0.8 percentage point for gas to 2.7%, 1.3 percentage points for the cost of medical care to 7.4%, 1.6 percentage points for the cost of college education to 7.5%, and 0.6 percentage point for rent to 8.4%. The year-ahead expected change in food prices increased by 0.4 percentage point to 5.5%, the highest level since October 2023.

Labor Market

Median one-year-ahead earnings growth expectations increased by 0.2 percentage point to 2.7% in May, remaining below the trailing 12-month average of 2.8%.
Mean unemployment expectations—or the mean probability that the U.S. unemployment rate will be higher one year from now—dropped 3.3 percentage points to 40.8%, but remains well above the trailing 12-month average of 37.7%
The mean perceived probability of losing one’s job in the next 12 months decreased by 0.5 percentage point to 14.8%. The mean probability of leaving one’s job voluntarily (or expected quit rate) in the next 12 months increased by 0.1 percentage point to 18.3%.
The mean perceived probability of finding a job in the next three months if one’s current job was lost increased by 1.5 percentage points to 50.7%, remaining below the trailing 12-month average of 52.2%. The increase was driven by those without a bachelor’s degree and those with household incomes below $100,000.

Household Finance

The median expected growth in household income increased by 0.1 percentage point to 2.7% in May, while remaining well below the trailing 12-month average of 3.0%.

Median nominal household spending growth expectations declined by 0.2 percentage point to 5.0%, remaining just above the trailing 12-month average of 4.9%.
Perceptions of credit access compared to a year ago improved, with a smaller share of households reporting it is harder to get credit, and a larger share reporting it is easier. Conversely, expectations for future credit availability deteriorated, with the share of respondents expecting it will be easier to obtain credit a year from now decreasing to 10.6% from 12.1%.
The average perceived probability of missing a minimum debt payment over the next three months decreased by 0.5 percentage point to 13.4%, the lowest level since January 2025. The decrease was driven by those with more than a high school diploma and those with household incomes over $50,000.
The median expectation regarding a year-ahead change in taxes at current income level was unchanged at 3.3%.
Median year-ahead expected growth in government debt increased by 0.6 percentage point to 5.4%.
The mean perceived probability that the average interest rate on saving accounts will be higher in 12 months decreased by 1.1 percentage points to 25.4%.
Perceptions about households’ current financial situations compared to a year ago and expectations about year-ahead financial situations both improved slightly, with the net share of respondents reporting that their households are better off versus worse off and the net share reporting that they expect their households to be better off versus worse off both increasing.
The mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 0.6 percentage point to 36.3%, remaining well below the trailing 12-month average of 38.7%.

https://www.newyorkfed.org/newsevents/news/research/2025/20250609#:~:text=Median%20inflation%20expectations%20decreased%20at,0.1%20percentage%20point%20to%202.6%25.

Pfizer CEO: no commitments made in drug price meetings with US government

Pfizer and other drug companies have met with the Trump administration to discuss lowering U.S. drug prices but no commitments have been made, Chief Executive Albert Bourla said on Monday.

President Donald Trump last month issued an executive order directing drugmakers to lower the prices of their medicines to align with what other countries pay.

According to the order, the administration was to set "Most Favored Nation" price targets within 30 days. The Department of Health and Human Services has said it expects drugmakers in the U.S. to set prices for their products at the lowest price paid by other high-income countries.

"I don't know what we will hear in 30 days," Bourla said, speaking at Goldman Sachs' Global Healthcare Conference.

"The administration already started series of meetings with companies ... The meetings were cordial, but they were not digging into the substance," he said, adding that they focused on high-level ideas.

Bourla is also chairman of industry lobby group PhRMA. A spokesperson for the group was not immediately available for comment, but previously said PhRMA was not privy to conversations its member companies were having with the administration on drug prices.

It is unclear what mechanism the U.S. government will use to lower drug prices - analysts and legal experts have said the policy will be difficult to implement.

Bourla said he is hopeful that, given U.S. pressure on European countries to pay more, prices there could increase. He said that if the U.S. resorts to price controls, Pfizer could consider not making drugs available for government reimbursement in some countries if prices don't increase there.

"I don't think we will remove our products from the markets there - we will just remove them from reimbursement," Bourla said. "We will leave them in open market."

https://finance.yahoo.com/news/pfizer-ceo-says-no-commitments-123310324.html

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Monday, June 9, 2025

Harris slammed by California sheriff for ‘embarrassing’ LA riots statement blaming Trump

Newsom dares Homan to arrest him amid violent anti-ICE riots

May US Median Inflation Expectations Down for Both Short Term and Medium Term in NY Fed Survey

Pfizer CEO: no commitments made in drug price meetings with US government