Treasury Secretary Scott Bessent said US financial and technology companies are “working on their resiliency” against artificial intelligence threats, including concerns that AI could be deployed to hack into bank accounts.
“We’re going to make sure that things stay safe,” Bessent said on Fox News’ Sunday Morning Futures.
The response from Democrats to the Supreme Court's decision to strike down race-based gerrymandering has been predictable - running high in emotion and devoid of objectivity. The Democrat Party has understood for a long time that much of their power comes from inserting themselves as the spokespeople for the supposed "have-nots". Racial hysteria being a key weapon in their arsenal to push the ongoing socialization of America.
Its the reason why left-wing NGO's have been dumping millions of dollars into the very "hate groups" they claim to be fighting against. Leftists need racism as a bogeyman; they have no power without it.
It makes sense that Democrats are clinging to Section 2 of the Voting Rights Act (VRA), which prohibits voting practices (including redistricting maps) that result in denial or abridgment of the right to vote on account of race. The assumption being that minorities (specifically black Americans) require rigged districts where they are the majority in order to maintain power in government.
This obviously benefits Democrats, with around 83% of blacks voting blue in recent elections. Predominantly black districts in states across the US have acted as assured seats in the House for Dems since 1965. In 1982, Congress strengthened Section 2 by amending it to clarify that plaintiffs only need to prove that a voting practice has a discriminatory result (effect), not just the intent.
Republicans sided with Democrats in a grand virtue signal, but the results of the strengthened VRA have harmed conservatives ever since. The Supreme Court's recent 6-3 decision in Louisiana v. Callais ends this 45-year-long mistake, at least, for the most part.
The decision sets a precedent which largely eliminates the use of frivolous race-based challenges to redistricting maps and will lead to a loss of 12-19 House seats for Democrats over the next two years. States which are planning to adjust their maps in light of the Supreme Court ruling include Louisiana, Mississippi, Tennessee, Florida, Georgia, South Carolina and Alabama. A few other red states are looking into potential changes before 2028.
The Democrat reaction has been an absolute meltdown. Impending district map changes threaten a loss of around 12 seats in the near term.
The underlying narrative promoted by the political left is that the ruling will result in black Americans losing the right to vote. Chuck Schumer insinuates this in his frantic response, calling the decision a "return to Jim Crow".
This is, of course, a fallacy. No black citizen is losing their right to vote. In fact, the Supreme Court ruling confirms that black voters and white voters are equal and that rigged districts based on race are not necessary. Raging over the proposition of losing political power, Democrats are now calling for "packing the courts" as a means to dilute the Supreme Court and assert total control over districts and elections (a typical appeal to lawfare).
Hakeem Jeffries called the Supreme Court a disgrace and said "everything is on the table" to undermine their decision.
Other Dems echoed this strategy. Their plan? If they can't rig districts, they will rig the courts.
It should be noted that the political left only calls for these kinds of extreme measures when the court rules in favor of conservatives. Objective positions and nuances within court decisions are not tolerated. The threat is clear: "Rule with us, or we will get revenge..."
Other left-wing politicians argue that the Supreme Court "has no authority" to change the VRA because they are not "elected". When Democrats start to sound like activist libertarians, you know they're scared.
In the sprint to the Midterms the district changes will likely be minimal, but enough to potentially thwart a Democrat majority. In 2028, the game could change dramatically. Former President Barack Obama was lambasted for attacking the Supreme Court ruling, just days after cutting ads for a Virginia effort to transform that state's map into a 10-1 Democratic advantage.
Top Illinois Democrats called the precedent a ‘crushing blow to our democracy', despite the fact that Illinois is widely considered gerrymandered to benefit Democrats. It's only okay when they do it, not when conservatives do it.
The Democrat response is a reminder that, if the political left ever returns to substantial government power as they had under the Biden Administration, they will break every rule and violate every principle in order to keep control.
Oil dropped as President Donald Trump said the US would begin guiding neutral ships through the Strait of Hormuz and signaled progress on talks with Iran to end the war.
Brent declined 1.9% to $106.16 a barrel, falling for a third day, while West Texas Intermediate was below $100. The planned move, beginning Monday, was meant to free up people, companies, and countries that “have done absolutely nothing wrong,” Trump said in a social-media post.
Summary:
JetBlue Moves Quickly To Expand Market Share
Treasury Sec. Scott Bessent Comments on Spirit's Demise
Airlines For America CEO Chris Sununu Blasts Democrats For Spirit's Death Spiral
Duffy Pledges Relief For Customers, Workers
Spirit Airlines Is Dead, Flights Canceled
Mike Netter, a conservative talk show radio host from California, wrote on X that JetBlue Airways is already moving quickly to expand its market share following the demise of Spirit Airlines, which shuttered operations on Saturday:
JetBlue just pulled the ultimate power move. Hours after Spirit Airlines went dark, JetBlue swooped into South Florida with a full-blown rescue mission—and they're not playing small.
Here's the breakdown: $99 rescue fares for anyone holding a valid Spirit ticket. Same route, same dates, just call 1-800-JETBLUE. Flying Fort Lauderdale to San Juan? Blue Basic is capped at $299 through May 8.
But that's just the warm-up. JetBlue is exploding at Fort Lauderdale-Hollywood International—adding 11 brand new cities, extra flights on existing routes, and pushing nearly 130 daily departures this summer. That's a 75%+ jump from last year and their biggest FLL operation EVER. CEO Joanna Geraghty put it plainly: "South Florida is a key market... we're stepping up, adding service, and keeping fares competitive." (Translation: we're taking over.)
Fun fact? Fort Lauderdale was JetBlue's very first destination back in 2000. Now they're reclaiming it after Spirit held 27% of that market. Oh, and they're not leaving Spirit's crew behind either—jumpseat access for two weeks and job interviews for qualified staff.
This is how you turn a market collapse into a masterclass.
JetBlue just pulled the ultimate power move. Hours after Spirit Airlines went dark, JetBlue swooped into South Florida with a full-blown rescue mission—and they're not playing small.
— Mike Netter (@nettermike) May 3, 2026
Here's the breakdown: $99 rescue fares for anyone holding a valid Spirit ticket. Same route,… pic.twitter.com/35exJrOuLE
Netter's X post drew immediate reactions from X users:
So in other words, the merger went through without Pocahontas after all. 🤣
— Tom Steele (@tsteele93) May 3, 2026
So, it is effectively a merger of Spirit and Jet Blue anyway, except Spirit's shareholders got screwed by Warren & Biden.
— OldSaltCityAce 🇺🇸 🏴 👑 (@OldSaltCityAce) May 3, 2026
lol got the acquisition blocked by special ed politicians just so they can take market share from spirit for freeee 😂
— SwaggyP (@PoonBerry01) May 3, 2026
Treasury Sec. Scott Bessent told Fox News' Sunday Morning Futures with Maria Bartiromo earlier that "Had Spirit Airlines been allowed to merge with Jet Blue, it would have given them much more resiliency."
Had Spirit Airlines been allowed to merge with Jet Blue, it would have given them much more resiliency.
— Treasury Secretary Scott Bessent (@SecScottBessent) May 3, 2026
Thanks to @SenWarren, @PeteButtigieg, and all of their friends in the Biden Administration who backed their enthusiastic opposition to the Spirit-Jet Blue merger, dozens of… pic.twitter.com/JhtKcAEnFu
Chris Sununu, president and CEO of Airlines for America, the lobbying group representing major U.S. passenger and cargo airlines, blasted Democrats under the Biden-Harris regime era for accelerating bankrupt Spirit Airlines' demise after the blocked Spirit-JetBlue merger.
This aged well!
I've warned for months that a @JetBlue-@SpiritAirlines merger would have led to fewer flights and higher fares.@JusticeATR and @USDOT were right to stand up for consumers and fight against runaway airline consolidation.
— Elizabeth Warren (@SenWarren) March 6, 2024
This is a Biden win for flyers! https://t.co/lJFGS3ucv3
"In their own BIG GOVERNMENT way, they said, no, we won't allow [the merger] to happen! And THIS is the result! What folks warned was going to happen ultimately came to fruition, unfortunately," Sununu told Fox News.
He continued, "The opportunity that an airline like Spirit creates for those kinds of working-class customers, if you will, they have a lot of low fares, a lot of that point-to-point stuff that those consumers really relied on, they threw it away!"
"They absolutely threw it away! They had the opportunity to make sure they could survive. They didn't want to look at the math," he emphasized, adding, "They didn't want to understand the business models."
Sununu commended President Trump for putting together a rescue deal to save the bankrupt airline. But as of Saturday morning, the liquidation process had begun, with all flights canceled.
🚨 NOW: Airlines for America President Chris Sununu EXPOSES Elizabeth Warren and Pete Buttigieg for DESTROYING lower air fares and thousands of jobs by crushing Spirit Airlines
— Eric Daugherty (@EricLDaugh) May 3, 2026
They just harmed the working class — which socialists CLAIM to fight for!
"In their own BIG… pic.twitter.com/nssxHEXCPm
Rest in peace Spirit Airlines pic.twitter.com/7MVmW899pI
— Not Jerome Powell (@alifarhat79) May 3, 2026
After several failed attempts by the Trump administration to engineer a rescue package, including a proposed $500 million financing deal that could have left the U.S. government with control of up to 90% of the budget carrier, negotiations broke down late this week.
By Saturday morning, Spirit had begun winding down operations, with all flights canceled and the carrier entering liquidation mode.
The outcome marks the final flight for the budget airline, crushed by years of operational stress, failed merger attempts, mounting debt, and a brutal jet-fuel price shock that derailed its efforts to emerge from bankruptcy this summer.
Well… oops https://t.co/Ahv3e2M8vU
— zerohedge (@zerohedge) May 1, 2026
The Trump administration was willing to explore an extraordinary state-backed rescue to save nearly 7,500 jobs.
Now, however, Transportation Secretary Sean Duffy has announced "ACTION to bring relief to Spirit customers and its workforce." This will include other airlines (United, Delta, JetBlue & Southwest) agreeing to cap ticket prices for Spirit customers who have been left in the lurch, reduced fares on 'high-volume Spirit routes", while American Airlines and United "are creating microsites for Spirit employees looking to continue a career in aviation."
In coordination with our airline partners, we’re taking ACTION to bring relief to Spirit customers and its workforce.
— Secretary Sean Duffy (@SecDuffy) May 2, 2026
From capped ticket prices for flyers who need to rebook to employees looking for job opportunities, there’s a lot of information you should be aware of.…
Spirit's statement about winding down operations:
It is with great disappointment that Spirit Airlines has started winding down its global operations, effective immediately. All flights have been cancelled, and customer service is no longer available. While we are not able to help rebook your flight on another airline, we will automatically process refunds for any flights purchased through Spirit with a credit or debit card to the original form of payment. We are proud of the impact of our ultra-low-cost model on the industry for the last 33 years and had hoped to serve our Guests for many years to come.
— Spirit Airlines (@SpiritAirlines) May 2, 2026
US takes a stake in Spirit Airlines by May 31?
Spirit Airlines shutdown/liquidation by May 31?
Very easy money
— zerohedge (@zerohedge) May 2, 2026
SPIRIT AIRLINES STARTS ORDERLY WIND-DOWN OF OPERATIONS https://t.co/PAtaxmG5gv
Even as Spirit begins winding down operations, President Trump said Friday that he will "have something on Spirit today or tomorrow."
What that means at this stage is anyone's guess, especially with rescue talks reportedly dead and the airline already moving into full shutdown mode.
https://www.zerohedge.com/markets/spirit-airlines-bites-dust-all-flights-canceled
Banks worldwide are seeking ways to avoid risks of AI data center debt, the Financial Times reported on Sunday, citing sources familiar with the matter.
Banks including JPMorgan Chase & Co., Morgan Stanley and SMBC Inc. are allegedly trying to distribute data center contracts to a larger number of investors. According to the outlet, companies Oracle Corp. and CoreWeave Inc. have borrowed "hundreds of billions" to build data centers and AI labs across the United States, pressuring lenders.
The report also claimed that JPMorgan and MUFG Ltd. spent six months trying to distribute the $38 million debt tied to Oracle's construction in Texas and Wisconsin. JPMorgan, SMBC, Morgan Stanley and MUFG refused to comment on the report.
https://breakingthenews.net/Article/Banks-may-seek-to-avoid-AI-data-center-debt/66205446
Three people died on a cruise ship travelling from Argentina to Cape Verde in the Atlantic Ocean, as a result of a viral infection.
The World Health Organization (WHO) confirmed to Agence France-Presse that at least one fatality was caused by an hantavirus outbreak aboard MV Hondius, with five other cases suspected. Another individual is currently undergoing treatment in South Africa. "While rare, hantavirus may spread between people, and can lead to severe respiratory illness and requires careful patient monitoring, support, and response," WHO stated.
https://breakingthenews.net/Article/Suspected-virus-outbreak-kills-3-on-cruise-ship/66205516
