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close video Ron DeSantis is Republican’s early 2024 frontrunner: GOP pollster Lee Carter

GOP pollster Lee Carter discusses potential 2024 presidential candidates, telling ‘Cavuto: Coast to Coast’ you can always tell who’s leading by who gets attacked the most, and Gov. DeSantis is that guy.

Wall Street is starting to love Florida Gov. Ron DeSantis’s prospects in the 2024 presidential election so much that it is already eyeing stocks that will benefit, as well as those that could tank, if he wins the White House.

Strategas Research Partners, an economic and market advisory firm run by the well-known market analyst Jason Trennert, is among the firms gauging the market impact of a DeSantis presidency, with a client report titled "DeSantis Winners & Losers Baskets." 

The report, published last week, was obtained and reviewed by Fox Business. It bases its research primarily on DeSantis’s policy positions as governor of Florida. It is yet another indication that major financial players are betting that DeSantis runs for President in 2024, can beat former President Trump in the GOP primary, and beat Joe Biden in the general election. 



Republican gubernatorial candidate for Florida Ron DeSantis with his wife Casey DeSantis speaks during an election night watch party at the Convention Center in Tampa, Florida, on November 8, 2022. – Florida Governor Ron DeSantis, who has been tipped (Giorgio Viera/Getty Images / Getty Images)

It’s also a sign that Wall Street thinks there will be market implications with a DeSantis victory given his record as Florida governor. According to the report, stocks it identifies as DeSantis winners are already outperforming those it identifies as DeSantis losers.

DESANTIS WARNS OVER CHINA REAL ESTATE INVESTMENTS: 'GOBBLING UP LAND' NOT IN FLORIDA'S BEST INTEREST

The report added that DeSantis is a slight favorite in the betting odds to win the Republican primary against Trump. "After DeSantis’ landslide victory in Florida, client interest about a DeSantis candidacy has increased, particularly around company risks and opportunities," the report said. "This makes sense, with DeSantis having non-traditional Republican policies."

"We expect President Biden to announce his candidacy following his State of the Union on February 7th," the report stated. "Former President Trump was out campaigning this past weekend. Nikki Haley will likely announce her candidacy in two weeks, and Florida Governor Ron DeSantis is indicating he is likely to get in the race." 



Former U.S. Ambassador to the United Nations Nikki Haley makes a speech at the United Nations Headquarters in New York, United States on November 01, 2018. Nikki Haley is expected to throw her name in the hat for the Repbulican Presidential Nominatio (Atilgan Ozdil/Anadolu Agency/Getty Images / Getty Images)

Financial advisers who have read Strategas research urge caution about making big market bets based on the report. First, while certainly considering a presidential run, DeSantis has yet to declare. In recent weeks he has been meeting with enthusiastic financial industry fundraisers, who believe he can beat Joe Biden or any other Democrat, while Trump can’t. The former President remains mired in various scandals and his reputation tarnished by his role in the January 6 riots.

US President Donald Trump speaks during a retreat with Republican lawmakers at Camp David in Thurmont, Maryland, January 6, 2018. Former President Trump remains mired in controversy. (SAUL LOEB/AFP via Getty Images)

STUART VARNEY: FLORIDA’S GOV. RON DESANTIS LOOKS LIKE A FUTURE PRESIDENT

But as Fox Business has reported, DeSantis has told donors it’s not his preference to get embroiled in a nasty primary battle with Trump for the GOP nomination, raising some doubts he will challenge the former President in a primary. Trump is the only GOP candidate to formally announce his intentions, and has already been targeting DeSantis with his well-known vitriol.

Also, financial advisers say some of the report’s conclusions are nebulous. Energy company ConocoPhillips is a DeSantis "winner" because of the Florida governor’s support of drilling of "fossil fuels like natural gas and crude." DeSantis is likely to reduce regulations that have curtailed drilling. 

But oil company profits have been soaring amid restrictions the Biden Administration has placed on the industry and its embrace of Environmental Social Governance investment mandates that are designed to reduce carbon emissions by restricting supply. The result has been an increase in energy prices, profits and soaring energy-company stocks. Since Joe Biden took office in January 2021, shares of ConocoPhillips have more than doubled to $108 per share, far outperforming the Standard and Poor’s 500 index of large company stocks.

Moreover, DeSantis’s market-related policies may not deviate much from Trump who during his four years in office where the former President cut taxes, reduced regulations but also picked fights with big businesses like Amazon founder Jeff Bezos, who owns the Washington Post, and AT&T, which until recently owned the left-leaning CNN cable network. 

DeSantis has famously feuded with Disney over its attacks against a state law that bans teaching sex education to toddlers. Strategas places Disney among the 19 DeSantis "loser" stocks. 

That said, the four-page report is a sign that Wall Street increasingly believes DeSantis could win the White House in 2024, and that clients should begin planning their portfolios to benefit from his policies.

Likewise, they should avoid and "short" or bet against stocks that will face DeSantis related headwinds, or those Strategas includeed in its "DeSantis loser basket." These are companies that Strategas says adhere to "woke," corporate policies, like the aforementioned Disney. Other companies in that basket include "vaccine makers," those that embrace so-called Environmental Social Governance or ESG investment policies, and those with substantial operations in China.













Ticker Security Last Change Change % DIS THE WALT DISNEY CO. 111.65 +1.80 +1.64%

Recall how DeSantis took on Disney even though it was one of the state’s largest employers but lost a major tax subsidy because of its opposition to the sex-ed law by removing its favorable tax status in the state. Strategas says DeSantis will probably use the Disney template nationally against companies that adopt similarly left-wing policies including an embrace of so-called Environmental Social Governance or ESG investing. 

Florida Gov. Ron DeSantis speaks on Nov. 19, 2022, in Las Vegas. (AP Photo/John Locher / AP Newsroom)

ESG promotes the reduction in the carbon footprint of asset-managers’ portfolio companies and other progressive political stances. But these mandates have increasingly come under attack from GOP elected officials who say it has led to higher gas prices and pushes a left-wing political agenda.

As governor DeSantis has recently targeted BlackRock, the world’s largest asset manager that has been at the forefront of ESG, pulling $2 billion in state money that was being managed by the firm. Strategas sees additional national regulations curtailing ESG if DeSantis gets elected. Because ESG investments often charge higher management fees than other stock-picking methods, BlackRock becomes a "loser" as those new regulations could depress profits.



Ticker Security Last Change Change % BLK BLACKROCK INC. 740.96 -1.47 -0.20%

Also on the loser list is Amazon and Apple, two corporate whipping boys of the right because they’re seen as woke Silicon Valley enterprises that have stifled conservative speech. Aple, meanwhile, has substantial manufacturing ties to China. Companies with ties to China are seen as "losers" in the Strategas report, given the nation’s geo-political ambitions and its role in the Covid pandemic. 

Ticker Security Last Change Change % AMZN AMAZON.COM INC. 102.11 -0.07 -0.07%AAPL APPLE INC. 154.65 +2.92 +1.92%

Meta, the holding company for Facebook, makes the loser list as well for censoring conservative opinions. Drug makers Pfizer and Moderna become DeSantis losers as well; Strategas sees a DeSantis administration as far less draconian in terms of COVID vaccine mandates, thus these companies will see falling profit margins. His Justice Department may also pursue claims that the companies inflated their efficacy, the report says.

Ticker Security Last Change Change % META META PLATFORMS INC. 191.62 +5.56 +2.99%PFE PFIZER INC. 43.60 -0.17 -0.38%MRNA MODERNA INC. 171.06 +0.79 +0.46%

The 19 DeSantis winners are stocks in the border security, defense and energy sectors, Strategas said. "We expect DeSantis to be a strong proponent of fossil fuels, but he is not opposed to renewables," the report added. "Other areas where DeSantis could be a positive are financial companies that avoid ESG and could benefit from deregulation."

 Of the latter, the big bank JP Morgan run by CEO Jamie Dimon, who has publicly criticized ESG, makes the list of stocks that will win under a President DeSantis. Defense manufacturers Lockheed Martin and Raytheon Technologies are winners as well because DeSantis is seen as increasing the defense budget.


Ticker Security Last Change Change % JPM JPMORGAN CHASE & CO. 143.65 +1.72 +1.21%LMT LOCKHEED MARTIN CORP. 468.33 -1.03 -0.22%RTX RAYTHEON TECHNOLOGIES CORP. 97.87 +0.22 +0.23%CXW CORECIVIC INC. 10.19 +0.09 +0.89%SOFI SOFI TECHNOLOGIES 7.38 -0.03 -0.40%

A company named CoreCivic Inc., that owns and manages private prisons, could see its business expand dramatically — and its share prices soar — as DeSantis focuses on policies to secure the southern border from migrant surges and the company benefits from government contracting.

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SoFi Technologies makes money processing student loans. A possible lift to its business, Strategas says, will be the end of President Biden’s student-loan forgiveness program under DeSantis. That means more fees for processing those loans. Strategas also predicts that President Joe Biden will announce his plans to run again in 2024 after tonight's State of the Union speech.

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Brown University shooting suspect identified as Benjamin Erickson

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Brown University shooting suspect identified as Benjamin Erickson

Police sources have told NBC News the identity of a man detained as a “person of interest” after a fatal shooting on the campus of Brown University in Providence, Rhode Island.

Three senior law enforcement officials, briefed on the investigation, told Sky News’s US partner that the suspect is 24-year-old Benjamin Erickson, who had served several years in the US army.

Two people were killed and nine others, all or nearly all of whom are also believed to be students, were injured in the attack at around 4pm (9pm UK time) on Saturday.

Sources told NBC that authorities are looking into what might be an extensive mental health history for Mr Erickson. Any connection with Brown University is also being investigated.

FBI Director Kash Patel posted details of an arrest at a Hampton Inn hotel in Coventry, about 20 miles (32km) from Providence, early on Sunday, “based off a lead” from Providence police.

An operation to arrest a 'person of interest' at a hotel in Coventry, Rhode Island. Pic: @FBIDirectorKash/X
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An operation to arrest a ‘person of interest’ at a hotel in Coventry, Rhode Island. Pic: @FBIDirectorKash/X

Police taping off hotel rooms following the arrest. Pic: AP
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Police taping off hotel rooms following the arrest. Pic: AP

According to a statement provided to NBC News from army spokesperson, Lieutenant Colonel Ruth Castro: “Benjamin W Erickson was an Infantryman (11B) in the Regular Army from May 2021 to November 2024. He has no deployments and left the Army in the rank of specialist.”

Public records show he was living in Washington DC in 2024 and had also been resident in Wisconsin in 2020.

More on Brown University Shooting

Providence police chief Colonel Oscar Perez told reporters on Sunday that the investigation is “complex” and progressing “extremely fast”, but refused to elaborate.

The shooting happened inside a classroom on the first floor of the Barus & Holley engineering building, a seven-storey structure home to much of the university’s engineering and physics study and research.

Part of the Brown University campus, the right side of the C-shaped block is the engineering building. Pic: Reuters
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Part of the Brown University campus, the right side of the C-shaped block is the engineering building. Pic: Reuters

Brown University provost Frank Doyle confirmed that final exams were taking place in the engineering building when the gunman opened fire.

A police official told the AP news agency that the gunman fired more than 40 9mm rounds. A gun has not been recovered, but officers did seize two loaded 30-round magazines.

A video released by officials shows a suspect walking down a street away from the campus and turning a corner, dressed in dark, loose-fitting clothing.

Pic: AP
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Pic: AP

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Pic: AP

Of those injured, eight people have been described as stable, although one remains critically ill. Another person has left hospital.

Providence mayor Brett Smiley said the order to shelter-in-place for nearby neighbourhoods had been lifted, but some streets remained shut as investigators work at the scene.

“The people of Providence should breathe a little easier this morning,” Mr Smiley added.

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‘Stay inside’ mayor warns after shooting

Access to parts of the campus remained restricted on Sunday as police maintained a security perimeter around Minden Hall and nearby apartment buildings.

The site has hundreds of buildings, including lecture halls, laboratories and dorms.

Brown is a private university with roughly 7,300 undergraduate students and more than 3,000 graduate students.

Students hid under desks

Student Chiang-Heng Chien said he was working in one of the labs with three other students when they received a notification about a shooting nearby.

“We decided to turn the light off and close all the doors and hide under our desks, and wait for the next notification after the shooting,” he told reporters.

The students hid under the desks for about two hours.

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‘We hid under our desks for two hours’

“I was hoping that no one’s getting hurt and no one’s dead,” he said.

The students left the building when they received another notification, and security personnel moved in to search the facility.

Read more from Sky News:
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Thailand destroys bridge in Cambodia

Emma Ferraro, a chemical engineering student, was in the Barus & Holley lobby working on a final project when she heard loud popping sounds coming from the eastern side of the building.

For a moment, everyone paused and looked around, she recalled.

Once Ferraro realised the sounds were gunshots, she rushed to the door and ran to a nearby building, where she had been sheltering for the past few hours.

Pic: AP
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Pic: AP

Pic: AP
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Pic: AP

One person who was initially thought to be involved in the shooting was detained but was later determined to have no involvement.

President Donald Trump told reporters at the White House that he had been briefed on the situation, which he called “terrible”.

“All we can do right now is pray for the victims and for those that were very badly hurt,” he added.

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The shock of a shooting will cut deeply – but if anywhere can find hope in the face of despair, Providence can

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The shock of a shooting will cut deeply - but if anywhere can find hope in the face of despair, Providence can

“Most of us live off hope” – the text of a colourful mural, painted on a wall on Hope Street, Providence.

On most days, the neighbourhood around Brown University feels like a place of quiet optimism, swimming against the negative tide.

Hope Street's mural
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Hope Street’s mural

The shock of a shooting, that has claimed two lives and left eight others critically wounded, will cut deeply here.

Violence feels not just intrusive but incompatible with the spirit of a place that is governed by thought, not threat.

When the university president said “this is a day we hoped would never come”, she spoke for the whole town.

Two students were killed in the attack
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Two students were killed in the attack

Providence, Rhode Island, is a place I know well. My daughter, her husband and their two little girls live there.

It is a college town with a college vibe, the compact campus priding itself on openness – architecturally, intellectually and emotionally.

They rehearse “shelter-in-place” scenarios, as every university does, but they are not experienced at living behind locked doors.

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‘Stay inside,’ mayor warns as suspect still at large

Rhode Island, the smallest state, has one of the lowest gun-death rates in America, zero mass shooting events in 2024.

Earlier this year, the state banned the sale and manufacture of assault weapons, but it didn’t include those already owned.

Even in a Democratic, liberal state like Rhode Island, they are struggling to find a solution to America’s gun problem.

People hug each other outside Brown University in Providence after the shooting. Pic: Reuters
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People hug each other outside Brown University in Providence after the shooting. Pic: Reuters

The age-old constitutional right to bear arms continues to trump the most human of all rights – the right to life.

This is a community that assumes safety, not because it is naïve, but because it has grown accustomed to trust.

College Hill rises in gentle brick and ivy, its narrow streets winding past houses with verandas designed for long conversations.

They take place in hushed tones right now, but if anywhere can find its way out of despair, Providence can.

On the historic street along its east side and in the college on the corner, most people live off hope.

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Environment

Tales from the comments: Electrek readers share their real-world home solar results

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Tales from the comments: Electrek readers share their real-world home solar results

A few weeks ago, we talked about some real-world numbers shared by Redditors who added a rooftop solar system to their homes. Not to be outdone, Electrek readers took to the comments to share their own real-world solar numbers. Here are some of the best!

That original post, which you can read here, was inspired by a Reddit user going by DontBuyBitcoin who shared a screenshot on r/Solar indicating that their newly-installed ~11.5 kW system produced over 1,700 kWh of electricity in October. “Pretty surprised by the production of the system I got,” writes DontBuyBitcoin. “11.48KW. I cant wait to see what JUNE-AUGUST [2026] going to look like 😍 I wish SolarEdge will make their app better looking with more functionality.”

Other Redditors were quick to share in the enthusiasm, but our Electrek readers weren’t going to be outdone, and shared their own results in the comments section.

I’ve got a 49 panel, 16.5 kW system just outside Austin, TX, and while it’s expensive ($320/mo), I produce much more power than I use each month. But with 2 EVs, a hot tub, and air conditioning in a Texas summer, I’m not mad I have all this. On a current sunny day, I’m producing about 65 kWh. I top out around 107 kWh on a long but somehow not hot day.l in late spring or early fall (whatever that means in Texas).

DAVID CALL

Another reader, Craig Morrow, had a much smaller system at “just” 6.5 kW compared to David’s 16.5 kW deal, but still put up some highly respectable numbers.

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My 6.5 kw PV generates from 16 kwh/day (winter) to 38 kwh/day (late spring). Between the efficiency of my house and my consumption habits, my usage averages 5-6 kwh per day. Went all-in on passive and active solar when I built the house ten years ago, an investment which has long since paid for itself with no heating or utility bills, plus having battery storage means no worries about power outages when the grid goes down. A great feeling to be energy independent!

CRAIG MERROW

Craig had the top comment with twenty upvotes, but he wasn’t the only reader to see some big efficiency gains with home solar. Several of you posted about the cost of your system, and when you’d begin to see an ROI with the savings you were seeing.

My ROI on a $42k system ($30k with the IRA tax credit) was calculated to be 15 years assuming a 4% yearly rate increase. Without the tax credit it would likely be 20+ years. It makes no sense financially. Interestingly, Europeans pay a lot less for similar size systems. Why is that?

BETTERFUTURE

Another commenter, Leonard Bates, was also seeing great returns – but took things a step further by doing some extra math to compare the cost of fueling up his car with gas vs. topping it off with electrons generated by his home solar system.

It is hard for the average Joe to understand electricity production numbers, so I have reduced our experience into dollars. We have a 8.8 kWh rooftop system and two EVs that (other than a few vacation trips a year) are charged at home. We are retired, so we can charge during the day. Bottom line, we saved over $4,000 by not buying gasoline last year (drove ~41,000 miles). Electric bills, with the load of the EVs, is basically a breakeven. The system cost us about $22,000, so a breakeven on the system of about six years and then free electricity for another 20, until the panels need to be replace. Plus we are “energy independent” for our cars. If there is turmoil in the Middle East, it doesn’t affect our pocket books.

LEONARD BATES

Leonard’s math reminds me of landscaper Colin Ash, who has been operating Ash Landscaping for over 30 years and recently traded his diesel excavator in for an electric JCB mini excavator he powers exclusively with solar panels mounted on his carport. “I’m a long-time electric vehicle driver and run my cars on solar energy generated from solar panels on the roof of the car port at my home,” explains Ash. “Adding the new JCB 8008E CTS was a perfect next step and I can plug it in next to the car and charge both overnight.”

So, Ash is happy. It seems like you guys are pretty happy, too – even without the home solar tax credit that a lot of you didn’t even know existed in the first place. Here’s hoping a lot more people decide to share their results with home solar, too.

Or, as one of our commenters put it:

If more homeowners share data like this, it’ll help others make informed decisions rather than relying just on sales projections.

ETECH BUY

Original content from Electrek.


If you’re considering going solar, it’s always a good idea to get quotes from a few installers. To make sure you find a trusted, reliable solar installer near you that offers competitive pricing, check out EnergySage, a free service that makes it easy for you to go solar. It has hundreds of pre-vetted solar installers competing for your business, ensuring you get high-quality solutions and save 20-30% compared to going it alone. Plus, it’s free to use, and you won’t get sales calls until you select an installer and share your phone number with them. 

Your personalized solar quotes are easy to compare online and you’ll get access to unbiased Energy Advisors to help you every step of the way. Get started here.

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