The Pronk Pops Show 1407, March 5, 2020, Story 1: Return of Near Zero Interest Rates and Quantitative Easing Monetary Policy To Prevent Another Recession — Financial Repression By Big Government and Big Banks — Destructive Debt Debacle  — Videos — Story 2: Stocks Prices Up and Down — COVID-19 100000 Plus Confirmed Cases and 3300 Plus Deaths Rising — Still Way Behind Estimated 18000-46000 Influenza Flu Deaths and 14 Million to 21  Million of Influenza Flu Cases in United States Alone! — Test Early and Often — Videos — Story 3: COVID-19 Test Kit and Fast Lab Processing The Key To Containing The Virus — Videos — Story 4: World Health Organization Appeals To Governments to Pull Out The Stops To Contain COVID-19 — Videos Story 5: Senator Warren Withdraws From Race Blames Sexism — Nonsense — American People Have Their Own Plans That Do Not Include Warren — Will She Endorse Male Progressive Bernie Sanders — Too Little — Too Late — Videos

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The Pronk Pops Show Podcasts

Pronk Pops Show 1407 March 5, 2020

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Pronk Pops Show 1405 February 28, 2020

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Pronk Pops Show 1403 February 26, 2020

Pronk Pops Show 1402 February 25, 2020

Pronk Pops Show 1401 February 24, 2020

Pronk Pops Show 1400 February 21, 2020

Pronk Pops Show 1399 February 14, 2020

Pronk Pops Show 1398 February 13, 2020

Pronk Pops Show 1397 February 12, 2020

Pronk Pops Show 1396 February 11, 2020

Pronk Pops Show 1395 February 10, 2020

Pronk Pops Show 1394 February 7, 2020

Pronk Pops Show 1393 February 6, 2020

Pronk Pops Show 1392 February 5, 2020

Pronk Pops Show 1391 February 4, 2020

Pronk Pops Show 1390 February 3, 2020

Pronk Pops Show 1389 January 31, 2020

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Pronk Pops Show 1387 January 29, 2020

Pronk Pops Show 1386 January 28, 2020

Pronk Pops Show 1385 January 27, 2020

Pronk Pops Show 1384 January 24, 2020

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Pronk Pops Show 1375 December 13, 2019

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Pronk Pops Show 1372 December 10, 2019

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Pronk Pops Show 1370 December 6, 2019

Pronk Pops Show 1369 December 5, 2019

Pronk Pops Show 1368 December 4, 2019 

Pronk Pops Show 1367 December 3, 2019

Pronk Pops Show 1366 December 2, 2019

 

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Story 1: Return of Near Zero Interest Rates and Quantitative Easing Monetary Policy To Prevent Another Recession — Financial Repression By Big Government and Big Banks — Destructive Debt Debacle  — Inverted Yield Curve — Recession? Videos –

Treasury 10-Year Yield Below 1%: How Low Can It Go?

Inverted Yield Curve Happened AGAIN – Trouble Ahead for the Economy?

Why Investors Are Obsessed With the Inverted Yield Curve

What is the Yield Curve, and Why is it Flattening?

Investing in Bonds with a Flat to Inverted Yield Curve

How The Economic Machine Works by Ray Dalio

 

Principles For Success by Ray Dalio (In 30 Minutes)

Keiser Report |Telling the Truth About Financial Pandemic | E1510

  

Negative Rates Coming – More Repo Largess , MORE QE.

Fed Will Cut Rates Three Times and May Restart QE, Sri-Kumar Says

Federal Reserve’s rate cut was a ‘disaster’: Expert

Bond King’ Gundlach says Fed panicked and short-term rates are ‘headed toward zero’

KEY POINTS
  • “Bond King” Jeffrey Gundlach says he believes the Fed panicked in cutting interest rates earlier this week and that short-term U.S. rates are headed for zero.
  • “I’m in the camp that the Fed is going to cut rates again,” Gundlach said. “When I say panicked, it doesn’t mean it’s not justified. Sometimes panic is justified.”
  • The benchmark 10-year Treasury note yield hit an all-time low under 0.9% just after the longtime bond investor made his comments around 12:40 p.m. ET.

VIDEO00:01
Gundlach: I expect Fed to cut rates again, maybe in two weeks

“Bond King” and DoubleLine Capital CEO Jeffrey Gundlach said Thursday that he believes the Federal Reserve panicked in cutting interest rates earlier this week and that short-term U.S. rates are headed for zero.

“If we look at history, once the Fed does a panic, intermeeting rate cut, particularly when it’s 50 basis points … they typically cut pretty quickly again,” Gundlach said. “I’m in the camp that the Fed is going to cut rates again, perhaps even in two weeks” during its regularly scheduled meeting.

The benchmark 10-year Treasury note yield hit an all-time low under 0.9% just after the longtime bond investor made his comments on CNBC’s “Halftime Report” around 12:40 p.m. ET. The 2-year U.S. rate hit also hit a record low of 0.554% earlier in the session.

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The top moments in business and politics – wrapped with exclusive color and context – right in your ears

“We will see short rates headed toward zero,” Gundlach added. And “when I say panicked, it doesn’t mean it’s not justified. Sometimes panic is justified.”

“Business activity is likely to contract,” he said. “I received multiple emails today of clients that were planning on visits to DoubleLine saying they’re canceling them.”

Although President Donald Trump has spoken fondly of negative interest rates, Gundlach said he doesn’t think the Fed is likely to follow the route taken by Japan and some countries in Europe.

On Tuesday, the Federal Reserve lowered its benchmark interest rate unexpectedly by 50 basis points, saying that the spread of the coronavirus “poses evolving risks to economic activity.” The move marked the first time since the financial crisis that the U.S. central bank was forced to impose an emergency rate cut.

The action failed to ease stock market concern about the potential economic impact of the coronavirus outbreak, however, but sparked a sharp drop in short-term U.S. rates. Markets remain fearful that the disease will prevent major exporters, like China, from sending components to American manufacturers and have a rippling effect on global growth.

Risk assets continued their slide Thursday as the Dow Jones Industrial Average was down more than 900 points, or 3.4%, in midafternoon trading. The Dow fell more than 1,000 points earlier in the day. The S&P 500 dropped 3.3%, led lower by rate-sensitive regional and consumer-facing banks that generate profits through loans.

WATCH: How negative interest rates work

Federal Reserve Retools Capital Rules for Largest U.S. Banks

New Fed rule creates capital buffer tied to annual stress tests

The overhaul reflects the latest moves by the Federal Reserve to recalibrate oversight of big U.S. lenders.

PHOTO: LIU JIE/XINHUA/ZUMA PRESS

 

WASHINGTON—The Federal Reserve retooled capital rules for the largest U.S. banks, completing one of the biggest changes to the postcrisis rulebook for Wall Street during the Trump administration.

Fed officials on Wednesday said the changes would simplify rules for big banks such as JPMorgan Chase & Co. and Wells Fargo & Co. without posing risks to the stability of the financial system.

The overhaul “simplifies the post-crisis capital framework for banks, while maintaining the strong capital requirements that are the hallmark of the framework,” Fed Vice Chairman for Supervision Randal Quarles said in a statement.

The overhaul reflects the latest moves by the Fed to recalibrate oversight of big U.S. lenders. Already, officials have completed separate changes aimed at easing liquidity and capital rules for regional U.S. banks and retooled speculative trading limits for large firms.

Fed governor Lael Brainard, an Obama-era appointee, cast the sole dissenting vote against the plan, saying she believed it would reduce banks’ required capital levels and the amount they set aside as a buffer above their regulatory requirements.

In a statement, she said the plan “gives a green light for large banks to reduce their capital buffers materially, at a time when payouts have already exceeded earnings for several years on average.”

Ms. Brainard said she expects a reduction in capital largely because the overhaul requires banks to set aside funds for dividend payments for four quarters, down from the current nine.

But Mr. Quarles said the changes would maintain the overall level of capital in the system and modestly increase required capital levels for the largest firms. His estimates were based on stress-test data from 2013 to 2019, he said.

Parts of the overhaul are likely to be welcomed by big banks, including changes that streamline aspects of stress tests, which require 34 large banks to show how they would weather simulated market and economic shocks.

Wednesday’s plan reduces the total number of big-bank capital requirements to eight from 13, the Fed said. For large Wall Street firms, those changes could be offset by a new “stress capital buffer.”

Banks’ annual stress-test results would be used to calculate the size of the new buffer, which the firms would have to meet during the ensuing year. If a firm’s capital fell below this level, it would face limits on its capital distributions and bonus payments.

Under the Trump administration, regulators have sought to soften the impact of the 2010 Dodd-Frank law, which was intended to prevent another financial crisis, saying its requirements were too stringent and inflexible.

A law signed by President Trump in 2018 rolled back restrictions for banks with less than $250 billion in assets and served as the impetus for further regulatory changes.

Some of Wednesday’s changes incorporate adjustments sought by banks. The Fed’s stress tests would assume lenders restrain growth in their balance sheets during stressful periods, which doesn’t happen under current rules. That would likely have the effect of boosting banks’ capital levels in the stress tests.

The Fed held off on making some changes to the stress tests envisioned by Mr. Quarles, such as incorporating a dormant policy tool to combat credit crunches in a downturn known as the countercyclical capital buffer. The Fed would have to separately propose such changes.

Write to Andrew Ackerman at andrew.ackerman@wsj.com

Story 2: Stocks Prices Up and Down — COVID-19 100,000 Plus Confirmed Cases and 3,300 Plus Deaths Rising — Still Way Behind Estimated 18,000-46,000 Influenza Flu Deaths and 14 Million to 21  Million of Influenza Flu Cases in United States Alone! — Test Early and Often — Videos

Dow tanks more than 950 points as Wall Street’s roller-coaster week continues

Stocks plunged on Thursday, erasing most of the steep gains in the previous session, as markets remained highly volatile in the face of the fast-spreading coronavirus.

The Dow Jones Industrial Average ended the day 969.58 points, or 3.5%, lower at 26,121.28 after tanking nearly 1,150 at its session low. The S&P 500 dropped 3.3%, or 106.18, to 3,023.94 and the Nasdaq Composite fell 3.1%, or 279.49, to 8,738.60. All 11 S&P sectors finished the day in the red. Stocks turned sharply lower as the 10-year Treasury yield fell to an all-time low below 0.9%.

Fears about the coronavirus disrupting the global economy continued to grip Wall Street as countries around the world extended quarantines and travel restrictions. California declared a state of emergency after a coronavirus-related death and 53 confirmed cases in the state. The number of infections in New York also doubled overnight to 22 as the state ramps up its testing.

VIDEO04:40
Stocks dropped sharply again because of the fast-spreading coronavirus

“The majority of this is just growing concern about the fallout from the virus because it’s spreading,” said Tom Essaye, founder of the Sevens Report. “For every hour, another group of people have it and it’s in another state. People are getting a bit nervous about this constant barrage of headlines.”

That angst fueled investor demand for safer assets like U.S. Treasurys and gold. The tumbling yields kept pressure on bank stocks, which led the major indexes lower. JPMorgan and Bank of America both dropped about 5%.

Airline stocks also took a huge beating, leading the declines in the Dow Jones Transportation Average, which dipped into bear market territory Thursday. United Airlines cratered 13.4%, while American Airlines tanked 13.2%, suffering its worst day since 2016.

The market moves came amid a roller-coaster week on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher twice in the past three days.

The Dow posted its second-biggest point gain on Wednesday as major wins from former Vice President Joe Biden during Super Tuesday sparked a relief rally, especially in the health-care sector. Investors also cheered signs of a global response to the outbreak, including a more than $8 billion in emergency funding from Congress.

“The optimism coming off Super Tuesday has come and gone and we reverted to being driven by fear over the containment of the virus and the impact it’s going to have on the global economy down the road,” said Mike Loewengart, managing director of investment strategy at E-Trade.

On Tuesday, the Federal Reserve cut its benchmark interest rate unexpectedly by 50 basis points, citing that coronavirus “poses evolving risks to economic activity.” It was the central bank’s first such emergency cut since the 2008 financial crisis.

The move failed to assuage stock market concerns about the potential economic impact of the coronavirus outbreak and triggered sharp movements in the markets.

“Despite the rally in stocks [Wednesday], Treasury yields and gold prices did not respond in-kind,” said Matt Maley, chief market strategist at Miller Tabak. “None of the other markets saw the kinds of moves yesterday that would indicate that we’re out of the woods on the negative impact of the coronavirus. In other words, many other markets are still sending up warning signals.”

Investors will monitor a key jobs report on Friday for signs of any negative impact on the labor market from the coronavirus. The U.S. economy is expected to have added 175,000 jobs in February, down from 225,000 in January.

The weekly jobless claims data on Thursday underscored the labor market strength despite the outbreak. Initial claims for state unemployment benefits slipped 3,000 to 216,000 for the week ended Feb. 29. Economists polled by Reuters had forecast claims would fall to 215,000 in the latest week.

—CNBC’s Thomas Franck and Fred Imbert contributed to this report.

https://www.cnbc.com/2020/03/05/us-markets-dow-futures-indicate-opening-drop.html

Cruise Ship Held Off California Becomes New Focus of Concern

A cruise liner bound for San Francisco from Hawaii is believed to be linked to two coronavirus cases, one of them fatal. More cases were found in a number of states, including Texas and New Jersey.

  • 1201
This briefing has ended. Read the latest news and analysis about the coronavirus outbreak here.
Credit…Max Whittaker for The New York Times

Gov. Gavin Newsom announced on Wednesday that a cruise ship returning to California from Hawaii that had suspected links to two coronavirus cases, one of them fatal, was being held off the coast of San Francisco, as public health officials prepared to screen everyone on the ship.

Eleven passengers and 10 crew members on the boat were showing symptoms on Wednesday, the governor said. “That number may significantly understate” the scope of infection, he said, or “it may indeed be abundance of caution.”

“The ship will not come on shore until we appropriately assess the passengers,” Mr. Newsom added.

The governor also announced that the state was declaring a state of emergency to help mobilize its response to the coronavirus outbreak. The number of cases in the state shot up to 54 on Wednesday, the most in the nation.

Governor Newsom said that about 2,500 people, more than half of them Californians, had been aboard the ship, identified by its owners as the Grand Princess, during a recent voyage from San Francisco to Mexico. One of those passengers died Wednesday in Placer County, Calif., the first U.S. coronavirus death outside Washington State and the 11th overall. Another passenger was being treated for the illness in Sonoma County. State and federal officials were racing to contact others who had been on board.

Mr. Newsom said the ship had gone on to Hawaii after its stop in Mexico, and then had sailed back toward California with some of the passengers from the original San Francisco-to-Mexico leg of the voyage still on board.

The person who died in Placer County had underlying health conditions and had been in isolation at a hospital after falling ill. Officials believe the patient was probably exposed to the virus on the San Francisco-to-Mexico leg of the voyage last month.

The New York Times would like to hear from health care providers who are struggling to get patients tested for coronavirus or are having difficulty getting sufficient medical supplies. Please email us at coronavirus@nytimes.com. A reporter may contact you to follow up. Thank you.

Health officials in Los Angeles County announced six new cases on Wednesday, and Santa Clara County announced three more cases. The virus has been detected across the United States, but so far has been concentrated on the West Coast.

A person who conducted medical screenings at Los Angeles International Airport tested positive for the virus, the Department of Homeland Security said on Wednesday. The person last worked at the airport on Feb. 21, eight days before showing symptoms of infection, the agency said.

Each of the six new cases reported by Los Angeles County was linked to a known exposure, a history of international travel or contact with someone who had traveled or been diagnosed with the virus, officials said.

Coronavirus Map: Tracking the Spread of the Outbreak

The virus has infected more than 97,800 people in at least 81 countries.

Facebook on Wednesday said that a worker in the company’s Seattle offices tested positive for Covid-19, the disease caused by the new coronavirus, making it the second major tech company in the city to be affected by the outbreak.

The tech industry is vital to the economy of Washington State, where a cluster of infections has taken root and 10 people have died, leading companies there to take extra measures to halt the spread of the virus.

“A contractor based in our Stadium East office has been diagnosed with Covid-19,” said Andy Stone, a company spokesman. “We’ve notified our employees and are following the advice of public health officials to prioritize everyone’s health and safety.”

The Seattle area is Facebook’s largest engineering outpost outside of its Bay Area headquarters. It had 5,000 employees in the region as of last September, when it announced plans to expand even more.

2019-2020 U.S. Flu Season: Preliminary Burden Estimates

CDC estimates* that, from October 1, 2019, through February 22, 2020, there have been:

32,000,000 – 45,000,000
flu illnesses

person coughing icon

14,000,000 – 21,000,000
flu medical visits

doctor patient icon

310,000 – 560,000
flu hospitalizations

hospital room icon

18,000 – 46,000
flu deaths

flu virus icon

*Because influenza surveillance does not capture all cases of flu that occur in the U.S., CDC provides these estimated ranges to better reflect the larger burden of influenza. These estimates are calculated based on CDC’s weekly influenza surveillance data and are preliminary.

This web page provides weekly, preliminary estimates of the cumulative in-season numbers of flu illnesses, medical visits, hospitalizations, and deaths in the United States. CDC does not know the exact number of people who have been sick and affected by influenza because influenza is not a reportable disease in most areas of the U.S. However, CDC has estimated the burden of flu since 2010 using a mathematical model that is based on data collected through the U.S. Influenza Surveillance System, a network that covers approximately 8.5% of the U.S. population (~27 million people).

Limitations

The estimates of the cumulative burden of seasonal influenza are subject to several limitations.

First, the cumulative rate of laboratory-confirmed influenza-associated hospitalizations reported during the season may be an under-estimate of the rate at the end of the season because of identification and reporting delays.

Second, rates of laboratory-confirmed influenza-associated hospitalizations were adjusted for the frequency of influenza testing and the sensitivity of influenza diagnostic assays. However, data on testing practices during the 2019-2020 season are not available in real-time. CDC used data on testing practices from the past influenza seasons as a proxy. Burden estimates will be updated at a later date when data on contemporary testing practices become available.

Third, estimates of influenza-associated illness and medical visits are based on data from prior seasons, which may not be accurate if the seriousness of illness or patterns of care-seeking have changed.

Frequently Asked Questions

What does the cumulative burden of influenza for the 2019-2020 season mean?

The cumulative burden of influenza is an estimate of the number of people who have been sick, seen a healthcare provider, been hospitalized, or died as a result of influenza since October 01, 2018. CDC does not know the exact number of people who have been sick and affected by influenza because influenza is not a reportable disease in most areas of the United States. However, these numbers are estimated using a mathematical model, based on observed rates of laboratory-confirmed influenza-associated hospitalizations.

How does CDC estimate the cumulative burden of seasonal influenza?

Preliminary estimates of the cumulative burden of seasonal influenza during the 2019-2020 season in the United States are based on crude rates of laboratory-confirmed influenza-associated hospitalizations, reported through the Influenza Hospitalization Surveillance Network (FluSurv-NET), which were adjusted for the frequency of influenza testing during recent prior seasons and the sensitivity of influenza diagnostic assays. Rates of hospitalization were then multiplied by previously estimated ratio of hospitalizations to symptomatic illnesses, and frequency of seeking medical care to calculate symptomatic illnesses, medical visits, and deaths associated with seasonal influenza, respectively.

Why does the estimate of cumulative burden change each week?

The estimates of cumulative burden of seasonal influenza are considered preliminary and may change each week as new laboratory-confirmed influenza-associated hospitalizations are reported to CDC. New reports include both new admissions that have occurred during the reporting week and also patients admitted in previous weeks that have been newly reported to CDC.

How does the number of flu hospitalizations estimated so far this season compare with previous end-of-season hospitalization estimates?

The number of hospitalizations estimated so far this season is lower than end-of-season total hospitalization estimates for any season since CDC began making these estimates. This table also summarizes all estimated influenza disease burden, by season, in U.S. from 2010-11 through 2017-18.

Preliminary Cumulative Estimates of Hospitalizations in the U.S. 2019-2020 Flu Season

Preliminary hospital burden*These estimates are preliminary and based on data from CDC’s  weekly influenza surveillance reports summarizing key influenza activity indicators.

Estimated number of influenza-associated hospitalizations

The y-axis extends from 0 to 1 million.

The x-axis is a timeline starting October 5, 2019 and extending to May 30, 2020.

There is a single blue-shaded curve labeled with “2019/20”.

There are several other lines on the right side of the graph under Total hospitalizations at end of past seasons. The lines are labeled, from top to bottom, as 2018/19, 2017/18, 2014/15, 2016/17, 2012/13, 2013/14, 2015/16, 2010/11, and 2011/12 and represent the estimated burden for these seasons.  This allows for the comparison of the current season to past seasons.

Virus Testing Blitz Appears to Keep Korea Death Rate Low

Heejin Kim, Sohee Kim and Claire Che
Bloomberg

‘Not today’: Elizabeth Warren declines to endorse Joe Biden or Bernie Sanders after she finally quits presidential race but says she WILL have more to say about ‘sexism’

  • Massachusetts senator pulls the plug on her campaign
  • But she did not immediately endorse either Joe Biden or Bernie Sanders
  • ‘Not today. I need some space around this, and I want to take a little time to think a little more,’ she said outsider her home in Massachusetts 
  • Warren had been in talks with both campaigns since her dismal Super Tuesday showing when she even failed to win Massachusetts    
  • Warren led the field early on but saw her star slowly fade as Pete Buttigieg won Iowa, Sanders took New Hampshire and Biden won South Carolina
  • Her biggest prize was effectively driving Mike Bloomberg out of the race by tearing into him at the two debates he took part in 
  • Trump mocked her throughout her campaign as Pocahontas over her claims to have Native American heritage

Elizabeth Warren ended her presidential campaign on Thursday but is not endorsing either of the two remaining candidates – Joe Biden or Bernie Sanders – at least not yet.

‘Not today. I need some space around this, and I want to take a little time to think a little more. I’ve been spending a lot of time right now on the question of suspending and also making sure that this works as best we can for our staff, for our team, for our volunteers,’ she told reporters outside her home in Cambridge, Mass.

‘We don’t have to decide that this minute,’ she noted, saying she would advise her supporters to ‘take a deep breath’ and think about who they would want to give their blessing.

Warren bowed out after failing to win any states in the Democratic primary process – even losing her home state of Massachusetts.

Elizabeth Warren declined to endorse either Joe Biden or Bernie Sanders after she dropped out of the Democratic presidential race+10

Elizabeth Warren declined to endorse either Joe Biden or Bernie Sanders after she dropped out of the Democratic presidential race

Elizabeth Warren also said she'd have more to say about the role gender and sexism played in the Democratic primary process

Elizabeth Warren also said she’d have more to say about the role gender and sexism played in the Democratic primary process

She acknowledged the role gender played in the race.

‘Gender in this race, you know that is the big question for everyone. If you say, yeah, there was sexism in this race, everyone says, whiner. And if you say, no, there was no sexism, about a bazillion women think, what planet do you live on? I promise you this, I’ll have a lot more to say on that subject later on,’ she said.

She also referenced the ‘pinkie’ promises she made with little girls on the campaign trail about a woman being in the contest.

‘I take those pinkie promises seriously,’ she said.

Her decision means there will be a female will not win the presidential nomination after women expressed their fury at President Trump’s election.

‘The hardest part of this is all those little girls who are going to have to wait four more years. That’s going to be hard,’ she said.

She choked up a few times when she talked to the press about her decision with her husband Bruce and dog Bailey at her side.

‘I stood in that voting booth and I looked down and saw my name on the ballot. And I thought, wow, kiddo, you’re not in Oklahoma anymore. That it really was a moment of thinking about how my mother and dad, if they were still here, would feel about this,’ she said.

‘It was a long time standing in that booth. I miss my mommy and my daddy,’ she added.

Elizabeth Warren choked up a few times when she talked about her decision to exit the race

Elizabeth Warren choked up a few times when she talked about her decision to exit the race

Elizabeth Warren exits her Massachusetts home with her husband Bruce to face a crowd of reporters and discuss the end of her presidential campaign

Elizabeth Warren exits her Massachusetts home with her husband Bruce to face a crowd of reporters and discuss the end of her presidential campaign

Warren announced her decision Thursday morning in a call with her staff, thanking them for their work.

‘I know that when we set out, this was not the call you ever wanted to hear. It is not the call I ever wanted to make. But I refuse to let disappointment blind me – or you – to what we’ve accomplished. We didn’t reach our goal, but what we have done together – what you have done – has made a lasting difference. It’s not the scale of the difference we wanted to make, but it matters – and the changes will have ripples for years to come,’ she said.

She also vowed that ‘our place in this fight has not ended.’

‘The fight may take a new form, but I will be in that fight, and I want you in this fight with me. We will persist,’ she said.

Her decision means that the contest is a simple two horse race between Biden, 77, and Sanders, 78, with Biden currently ahead thanks to his dramatic Super Tuesday come back.

President Trump, who called her ‘very selfish,’ for staying the race, claiming she was doing so to keep Sanders from winning the nomination, slammed her exiting the contest ‘THREE DAYS TOO LATE.’

‘Elizabeth “Pocahontas” Warren, who was going nowhere except into Mini Mike’s head, just dropped out of the Democrat Primary…THREE DAYS TOO LATE. She cost Crazy Bernie, at least, Massachusetts, Minnesota and Texas. Probably cost him the nomination! Came in third in Mass,’ he wrote on Twitter.

Warren, who led the field early on, saw her star slowly fade as Pete Buttigieg won Iowa, Sanders took New Hampshire and Biden won South Carolina.

Out at last: Elizabeth Warren took 36 hours to bow to the inevitable, finally quitting the presidential race Thursday morning after a disastrous Super Tuesday

Boost? Joe Biden and Bernie Sanders are now clear to go against each other - and both were in talks with Elizabeth Warren for her endorsement

Boost? Joe Biden and Bernie Sanders are now clear to go against each other - and both were in talks with Elizabeth Warren for her endorsement

Boost? Joe Biden and Bernie Sanders are now clear to go against each other – and both were in talks with Elizabeth Warren for her endorsement

She has reportedly been in talks with both Biden and Sanders about her endorsement, a value that will could make her the kingmaker in the Democratic primary, particularly if she bestows it on the former vice president.

Biden has already sealed endorsements from Buttigieg, Amy Klobuchar, Beto O’Rourke, and Mike Bloomberg.

Warren, a favorite of the progressives, was never able to capture the liberal left like Sanders did.

Her blessing to him would rally the left flank of the party to his side and boost his battle against Biden.

Sanders said on Wednesday he had spoken to Warren that day and she was assessing her campaign.

‘It is important, I think, for all of us… to respect the time and the space that she needs to make her decision,’ he said.

Warren also spoke with Biden on Wednesday.

President Trump had attacked Warren as ‘selfish’ for not dropping out of the race, claiming her presence was a move by the party to keep Sanders from becoming the nominee since they both appeal to the same voting block.

He accused her of playing a spoiler role in the primary process.

‘So Elizabeth Warren was the single biggest factor in that election last night and it would have been a very different thing and not in a positive way for her,’ Trump said at the White House Wednesday.

Trump had made her the subject of attacks as ‘Pocahontas’ after her botched defense of claims she had Native American heritage, which ended in a DNA test showing that she was likely to be 1,064th Indian.

Tulsi Gabbard remains the lone female candidate in the primary race but her campaign has faltered. She has not appeared on the debate stage in months, barely makes the polls, and only netted a single delegate on Super Tuesday – from American Samoa where she was born.

 Warren was the last surviving woman among the major candidates however, staying in long past Kirsten Gillibrand, Kamala Harris, and Klobuchar.

Last woman running: Tulsi Gabbard, the Hawaii congresswoman, remains in the race but has garnered just one delegate - from American Samoa

Last woman running: Tulsi Gabbard, the Hawaii congresswoman, remains in the race but has garnered just one delegate – from American Samoa

President Trump repeatedly attacked Elizabeth Warren as 'Pocahontas,' based on her claim of Native American DNA, which a test proved false

 

President Trump repeatedly attacked Elizabeth Warren as ‘Pocahontas,’ based on her claim of Native American DNA, which a test proved false

Her departure will likely raise questions about how Democrats – who brag about their diversity – came down to having two white males as their final contenders for the nomination.

Warren did, in effect, drive Mike Bloomberg from the race.

She decimated him on the debate stage, demanding to know why he wouldn’t release women from the disclosures they signed after complaints about a hostile work environment.

She demanded to know how many women and why he wouldn’t release them, leaving Bloomberg fumbling for an answer and damaging his campaign prospects.

Bloomberg exited the race on Wednesday after pouring nearly a billion dollars in trying to sweep the Super Tuesday contests – only to win American Samoa. He also endorsed Biden.

Warren was known for her policy proposals – ‘I have a plan for that’ was practically her campaign slogan – and her long lines of supporters wanting selfies.

But her many proposals also became part of her down fall. Her rivals pummeled her on her Medicare for All universal health care plan, demanding to how she would pay for it and why people who liked their insurance should give it up.

WHO ARE THE 3 DEMOCRATS RUNNING FOR PRESIDENT IN 2020?

JOE BIDEN

Age on Inauguration Day 2021: 78

Entered race: April 25, 2019

Career: No current role. A University of Delaware and Syracuse Law graduate, he was first elected to Newcastle City Council in 1969, then won upset election to Senate in 1972, aged 29. Was talked out of quitting before being sworn in when his wife and daughter died in a car crash and served total of six terms. Chaired Judiciary Committee’s notorious Clarence Thomas confirmation hearings. Ran for president in 1988, pulled out after plagiarism scandal, ran again in 2008, withdrew after placing fifth in the Iowa Caucuses. Tapped by Obama as his running mate and served two terms as vice president. Contemplated third run in 2016 but decided against it after his son died of brain cancer.

Family: Eldest of four siblings born to Joe Biden Sr. and Catherine Finnegan. First wife Neilia Hunter and their one-year-old daughter Naomi died in car crash which their two sons, Joseph ‘Beau’ and Robert Hunter survived. Married Jill Jacobs in 1976, with whom he has daughter Ashley. Beau died of brain cancer in 2015. Hunter’s marriage to Kathleen Buhle, with whom he has three children, ended in 2016 when it emerged Hunter was in a relationship with Beau’s widow Hallie, mother of their two children. Hunter admitted cocaine use; his estranged wife accused him of blowing their savings on drugs and prostitutes

Religion: Catholic

Views on key issues: Ultra-moderate who will emphasize bipartisan record. Will come under fire over record, having voted: to stop desegregation bussing in 1975; to overturn Roe v Wade in 1981; for now controversial 1994 Violent Crime Act; for 2003 Iraq War; and for banking deregulation. Says he is ‘most progressive’ Democrat. New positions include free college, tax reform, $15 minimum wage. No public position yet on Green New Deal and healthcare. Pro-gun control. Has already apologized to women who say he touched them inappropriately

Would make history as: Oldest person elected president

Slogan: Our Best Days Still Lie Ahead

TULSI GABBARD

Age on Inauguration Day: 39

Entered race: Still to formally file any papers but said she would run on January 11 2019

Career: Currently Hawaii congresswoman. Born on American Samoa, a territory. Raised largely in Hawaii, she co-founded an environmental non-profit with her father as a teenager and was elected to the State Legislature aged 21, its youngest member in history. Enlisted in the National Guard and served two tours, one in Iraq 2004-2006, then as an officer in Kuwait in 2009. Ran for Honolulu City Council in 2011, and House of Representatives in 2012

Family: Married to her second husband, Abraham Williams, a cinematographer since 2015. First marriage to childhood sweetheart Eduardo Tamayo in 2002 ended in 2006. Father Mike Gabbard is a Democratic Hawaii state senator, mother Carol Porter runs a non-profit.

Religion: Hindu

Views on key issues: Has apologized for anti-abortion and anti-gay marriage views; wants marijuana federally legalized; opposed to most U.S. foreign interventions; backs $15 minimum wage and universal health care; was the second elected Democrat to meet Trump after his 2016 victory

Would make history as: First female, Hindu and Samoan-American president; youngest president ever

Slogan: Lead with Love 

BERNIE SANDERS

Age on Inauguration Day: 79

Entered race: Sources said on January 25, 2019, that he would form exploratory committee. Officially announced February 19

Career: Currently Vermont senator. Student civil rights and anti-Vietnam activist who moved to Vermont and worked as a carpenter and radical film-maker. Serial failed political candidate in the 1970s, he ran as a socialist for mayor of Burlington in 1980 and served two terms ending in 1989, and win a seat in Congress as an independent in 1990. Ran for Senate in 2006 elections as an independent with Democratic endorsement and won third term in 2018. Challenged Hillary Clinton for the Democratic nomination in 2016 but lost. Campaign has since been hit by allegations of sexual harassment  – for which he has apologized – and criticized for its ‘Bernie bro’ culture

Family: Born to a Jewish immigrant father and the daughter of Jewish immigrant parents in Brooklyn, New York. First marriage to college sweetheart Deborah Shiling Messing in 1964 ended in divorce in 1966; had son Levi in 1969 with then girlfriend Susan Cambell Mott. Married Jone O’Meara in 1988 and considers her three children, all adults, his own. The couple have seven grandchildren. His older brother Larry is a former Green Party councilor in Oxfordshire, England. 

Religion: Secular Jewish 

Views on key issues: Openly socialist and standard bearer for the Democratic party’s left-turn. Wants federal $15 minimum wage; banks broken up; union membership encouraged; free college tuition; universal health care; re-distributive taxation; he opposed Iraq War and also U.S. leading the fight against ISIS and wants troops largely out of Afghanistan and the Middle East

Would make history as: Oldest person elected president; first Jewish president

Slogan: Not me. Us.

AND THE 26 WHO HAVE WITHDRAWN 

MICHAEL BENNET, Colorado senator

  • Entered race: May 2, 2019 
  • Quit:  February 12, 2019, evening of New Hampshire primary

MIKE BLOOMBERG

Entered race: November 24, 2019

Quit: March 4, 2020, day after Super Tuesday primaries

CORY BOOKER, New Jersey Senator 

  • Entered race: February 1, 2019
  • Quit: January 13, 2020 

STEVE BULLOCK, Montana governor 

  • Entered race: May 14, 2019 
  • Quit: December 2, 2019

PETE BUTTIGIEG, former mayor of South Bend, Indiana

Entered race: January 23, 2019

Quit: March 1, 2020, day after South Carolina primary 

JULIÁN CASTRO, former Housing Secretary

  • Entered race: January 18, 2019
  • Quit: January 2, 2020 

BILL DE BLASIO, New York City mayor 

  • Entered race: May 16, 2019
  • Quit: September 20, 2020

JOHN DELANEY, former Maryland Congressman

  • Entered race: July 8, 2017
  • Quit: January 31, 2019 

KIRSTEN GILLIBRAND, New York senator

  • Entered race: January 16, 2019
  • Quit: August 28, 2019

 MIKE GRAVEL, Former Alaska governor

  • Entered race: April 2,2019
  • Quit: August 2, 2019 

KAMALA HARRIS,California senator  

  • Entered race: January 21, 2019
  • Quit: December 3, 2019 

JOHN HICKENLOOPER, Former Colorado governor

  • Entered race: March 4, 2019
  • Quit: August 15, 2019 

JAY INSLEE, Washington governor 

  • Entered race: March 1, 2019
  • Quit: August 21, 2019

AMY KLOBUCHAR, Minnesota senator 

  • Entered race: February 19, 2019
  • Quit: March 2, 2020 

WAYNE MESSAM, mayor of Miramar, Florida 

  • Entered race: March 28, 2019
  • Quit: November 20, 2019 

SETH MOULTON, Massachusetts congressman

  • Entered race:  April 22,2019
  • Quit: August 23, 2019

RICHARD OJEDA, former West Virginia state senator

  • Entered race: November 12, 2018
  • Quit: January 25, 2019

BETO O’ROURKE, former Texas congressman

  • Entered race: March 14, 2019 
  • Quit: November 1, 2019  

DEVAL PATRICK, former Massachusetts governor 

  • Entered race: November 13, 2019
  • Quit:  February 13, 2019, morning after New Hampshire primary

TIM RYAN, Ohio congressman

  • Entered race: April 4, 2019
  • Quit: October 24, 2019

JOE SESTAK, former Pennsylvania congressman 

  • Entered race: June 23, 2019
  • Quit: December 1, 2019

 TOM STEYER, billionaire activist 

  • Entered race: July 9, 2019
  • Quit: February 29, 2020

ERIC SWALWELL, California congressman 

  • Entered race: April 8, 2019
  • Quit: July 8, 2019  

ELIZABETH WARREN, Massachusetts senator

Entered race: December 31, 2018

Quit: March 5, 2020, two days after Super Tuesday 

MARIANNE WILLIAMSON, author

  • Entered race: November 15, 2018
  • Quit: January 10, 2020 

ANDREW YANG, entrepreneur

 

 

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