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Point Bridge Capital founder Hal Lambert explains why he shifted support from former President Donald Trump to Florida Gov. Ron DeSantis in a FOX Business exclusive.

Ahead of Gov. Ron DeSantis' anticipated announcement this week, a GOP mega-donor is throwing his support toward the Florida Republican instead of former President Donald Trump.

Point Bridge Capital founder Hal Lambert explained in a FOX Business exclusive interview why he believes it's "time [for the Republican Party] to move on" to younger leadership.

"There's a number of reasons," Lambert said Tuesday on "Cavuto: Coast to Coast." "One, Donald Trump can only serve one term. He'll effectively be a lame duck almost on day one, if he were to win. But I don't think he can win the general [election]. That's the No. 2 reason. I don't think he can win the general.

"It's time to move on to the next generation. And Gov. DeSantis has a vision forward versus hashing out things from the past."

DESANTIS LANDS ENDORSEMENT FROM MAGA MEGA-DONOR

Lambert had served on Trump's inaugural committee in 2016. In addition, he founded Point Bridge Capital, also known as "MAGA ETF," as an exchange-traded fund that invests only in companies with employees and political action committees that support Republican candidates.

Florida Gov. Ron DeSantis, left, is expected to announce a 2024 presidential bid this week as donors begin to rally support for the Republican governor. (Mark Wilson/Getty Images / Getty Images)

After going public with his candidate decision Monday, Lambert explained his rationale for supporting DeSantis.

"I like Donald Trump's policies. I like what he did. I'm basing it on bringing the country back together," Lambert said. "[Trump] is so divisive right now. If he were the nominee, this would be another situation where we're going to have the country, our own country, battling internally against each other in a way that's not healthy. … I don't think it's healthy for the country to have to go through this in 2024 unnecessarily.

"We have a candidate in Ron DeSantis that can win, that has a record, that's conservative, that's the next generation. Why go through this unnecessary kind of hatred of each other in the country?"

DESANTIS TOUTS FLORIDA'S LOW UNEMPLOYMENT RATE, INSISTS STATE IS ‘OUTPERFORMING THE NATION’

In a Harvard CAPS/Harris poll from last week, 58% of Republican voters favored Trump, while 16% supported DeSantis for the GOP nomination. Lambert argues that Trump has "peaked" in the polls, and DeSantis is poised to close the gap quickly.

“It’s time to move on to the next generation. And Gov. DeSantis has a vision forward versus hashing out things from the past.” Hal Lambert

"I don't think that's that great in the Republican primary. I mean, he's the former president and yet basically half of the party would prefer someone else," Lambert said.

He also said DeSantis brings a positive conservative record on which to run, especially in light of his second-term gubernatorial victory in the 2022 election, which he sealed by almost 20 points.

"He's done it because he's been a good governor, and he's got a lot of legislation passed, whether it's on schools and having freedom of school choice, whether it's on immigration, whether it's on mundane things like insurance reform. He's done a lot of great things in Florida. So, he has a record. He's been able to get things done, and he'll run on that," Lambert said. close video DeSantis has ‘long coattails, Donald Trump doesn’t’: Eberhart

Canary CEO Dan Eberhart joined Varney & Co. to discuss why he’s supporting Florida Gov. Ron DeSantis and to weigh in on the government attempting to replenish the emergency oil reserve.

Lambert also weighed in on the governor's feud with Disney in the Sunshine State. In response to the ongoing legal tussle, Disney recently announced it is scratching plans for a new campus in Orlando that would have brought some 2,000 jobs to the state as part of a roughly $1 billion investment.Stocks in this Article DIS THE WALT DISNEY CO. $89.07 -0.75 (-0.84%)

DeSantis has faced criticism for the Disney battle, but Lambert said the move is simply a "state issue" that would not be a problem at the federal level.

"I don't think [DeSantis] would ever do this at a federal level, and I certainly wouldn't recommend it. But states have a right to work with the companies that are in their state," he said.

DISNEY SCRAPS $1B FLORIDA DEVELOPMENT AS WAR WITH DESANTIS RAGES ON

"The fact that they're not going to have 2,000 additional employees of Disney in the state, I don't think it's going to move the needle. It's a headline. And I don't think that he's going to back away from the stance on Disney."

In outlining his support for DeSantis, Lambert urged Trump to "drop out" of the 2024 race.

"I think Donald Trump should drop out of the race, quite frankly, for the better of the country," he said.

"Everyone said in 2016 he couldn't get elected, but he was running against Hillary Clinton, which people hated. People hated Hillary Clinton. Even her own party didn't really like her. It's kind of a similar situation. So, Trump wasn't hated in 2016 by the left the way he is today," he said. "The big difference is the four years that he served and then afterward and what's going on, he's created a situation where many, many people simply hate him, and he's not going to win them over." close video Republican nominee will either be Trump or DeSantis: Soave

“Kennedy” panelists Leslie Marshall, Charlie Hurt and Robby Soave discuss Sen. Tim Scott, R-S.C., announcing his bid for the Republican presidential nomination.

Fox News Digital reached out to Trump and his campaign but did not immediately hear back.

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Lambert said he plans to do "everything I can" to help DeSantis get the Republican nomination once he formally announces his bid this week.

"If you look at a DeSantis-versus-Biden, it's a very stark contrast," he said. "It's the next generation moving forward. I think that's what the American people are ultimately going to decide that they want to have. I just don't think we want to see a Biden-Trump re-election battle."

Fox News' Patrick Hauf and FOX Business' Paul Steinhauser, Andrew Murray and Breck Dumas contributed to this report.

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Manchester synagogue attack: Three arrested after two people killed on Yom Kippur

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Manchester synagogue attack: Three arrested after two people killed on Yom Kippur

The terrorist who killed two men outside a synagogue on the holiest day of the Jewish calendar is believed to be a British citizen of Syrian descent.

Greater Manchester Police have named the suspect as Jihad al Shamie, a 35-year-old who is understood to have entered the UK as a young child. He was granted British citizenship in 2006.

Three people – two men in their 30s and a woman in her 60s – have been arrested on suspicion of the commission, preparation and instigation of acts of terrorism.

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The attacker is believed to be Jihad al Shamie, 35
Image:
The attacker is believed to be Jihad al Shamie, 35

Al Shamie allegedly drove a car towards the gates of the Heaton Park Hebrew Congregation Synagogue and then began attacking people with a knife.

He was stopped from getting inside by security staff and members of the congregation. Police shot him dead minutes later, fearing that he was wearing a suicide device.

A knife and a white object worn by the attacker can be seen near his body. Pic: Reuters
Image:
A knife and a white object worn by the attacker can be seen near his body. Pic: Reuters


Three men remain in a serious condition in hospital. One suffered a stab wound, a second was hurt after being hit by the car, and the third has an injury possibly “sustained as officers stopped the attacker”.

Detectives were still at two locations linked to the arrests on last night: White House Avenue in Crumpsall, and Langley Crescent in Prestwich.

The attack happened on the Jewish holy day of Yom Kippur, and police patrols are now being stepped up near synagogues around the country.

“The second he got out of the car, he started stabbing anyone near him,” witness Chava Lewin said.

“He went for the security guard and tried to break into the synagogue.”

Pic: PA
Image:
Pic: PA

Police said it appeared al Shamie hadn’t been flagged up via the Prevent anti-terror and de-radicalisation programme.

The prime minister condemned the “horrific incident” and apologised to Jewish people “on behalf of the nation”.

The first calls were received at 9.31am and minutes later “Plato” was declared – the codeword used by emergency services for a “marauding terror attack”.

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Synagogue attacker ‘shot within seven minutes’ of 999 call

‘He’s trying to press a button’

Video showed police pointing guns at the attacker as another person lies bloodied and motionless near the synagogue’s gates.

“He’s trying to press a button,” says the man filming. “Shoot him!”

As the attacker tries to get to his feet, a single shot is heard. Police said he was killed seven minutes after the first emergency call.

Bomb disposal experts later probed the body and a SAS helicopter flew nearby – but the object worn by the attacker was judged to be “not viable”.

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Resident describes synagogue attack

Chief Constable Sir Stephen Watson said there were a lot of people inside the synagogue when the attacker struck.

“Thanks to the immediate bravery of security staff and the worshippers inside, as well as the fast response of the police, the attacker was prevented from gaining access,” he said.

Read more:
Witnesses describe how attack unfolded

What we know about synagogue attack
When ripples from overseas conflicts wash up on UK shores – analysis

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‘Britain must defeat rising hatred of Jewish people’

Prime Minister Sir Keir Starmer, who returned early from a meeting in Denmark, said Britain must defeat rising anti-Jewish hate.

“I express my solidarity, but also my sadness that you still have to live with these fears,” said Sir Keir.

“Nobody should have to do that. Nobody. And so I promise you that I will do everything in my power to guarantee you the security that you deserve, starting with a more visible police presence, protecting your community.”

What is Yom Kippur?

Yom Kippur is the holiest day of the Jewish year.

It is a solemn day of observance and atonement, and marks the peak of the High Holidays.

It comes after Jewish New Year, Rosh Hashanah, with both occasions bookmarking the Ten Days of Repentance.

Jews observe Yom Kippur by prayer and fasting from sunset the day before to the sunset of the day itself.

No work is permitted, and for some, the day is spent at a synagogue.

The occasion falls on the 10th day of Tishrei – a Hebrew month between late September and early October.

Home Secretary Shabana Mahmood visited the area, and said the government would do “whatever is required to keep our Jewish community safe”.

Members of the Royal Family also reacted to the attack.

The King said he and the Queen were “deeply shocked and saddened”.

“Our thoughts and prayers are with all those affected by this appalling incident and we greatly appreciate the swift actions of the emergency services,” said the monarch.

The Prince and Princess of Wales said their thoughts were “with the victims and the families”.

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Dingler HR helps Tigers ‘flip’ script vs. Guardians

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Dingler HR helps Tigers 'flip' script vs. Guardians

CLEVELAND — For two games and five innings, the Detroit Tigers’ offense was constantly knocking but when it mattered most, no one seemed to answer. Finally, Dillon Dingler opened the door to a clinching win.

Dingler’s sixth-inning homer off Cleveland lefty Erik Sabrowski broke a 1-1 deadlock, igniting a late Tigers rally that put the Tigers into the ALDS with a 6-3 win at Progressive Field on Thursday.

The victory not only gave the Tigers a 2-1 AL wild-card series win over the rival Guardians , it avenged last year’s loss to Cleveland in the ALDS.

“We were able to flip it right there, and we had a huge (seventh) inning, able to score some runs and be in the driver’s seat a little bit,” said Dingler, a northeast Ohio native playing in a ballpark he visited as a youth. “It was a big one.”

Before Dingler’s homer, the Tigers had managed just four runs in the series — through two games and five innings — and were a maddening 3-for-28 with runners in scoring position, putting their season in peril despite outplaying Cleveland for the most part. Two of the runs they scored were unearned.

Enter Dingler, a second-year catcher playing in his first postseason. He had started his playoff career 0-for-9 at the plate until he connected against Sabrowski, sending a changeup up in the zone into the seats in left-field, putting Detroit ahead.

“I was scratching and crawling a little bit,” Dingler said. “I was able to get a pitch to hit and do a little damage. Momentum, I feel like the momentum in the series was the biggest thing.”

And how. The aftermath of Dingler’s homer had the aspect of a boiler’s release valve being turned on, allowing bursts of steam to escape into the air.

In the seventh, with the Guardians rolling out a parade of relievers from one of baseball’s best bullpens, the Tigers finally started spinning the merry-go-round, racking up one clutch hit after another.

The rally started when Parker Meadows beat out what was meant to be a sacrifice bunt after Javier Baez led off with a double. Gleyber Torres was retired on a comebacker to a pirouetting Hunter Gaddis, then Kerry Carpenter was intentionally walked, his fourth time reaching base in the game, to load the bases.

This was exactly the kind of the spot the Tigers had faced, and failed, throughout the series. Not this time.

Wenceel Perez, Spencer Torkelson and Riley Greene followed with RBI singles, plating four runs in all, and giving the Tigers a commanding lead. Up to that point, the trio had gone 1-for-13 combined with runners in scoring position during the series.

That’s what momentum looks like.

“I don’t know why in baseball it seems like one good thing happens and then two, three, four, five at-bats in a row were exceptional,” Tigers manager A.J. Hinch said. “We wanted to get even more greedy and do more, but it was nice to separate and breathe a little bit, knowing they weren’t going to give in.”

The loss brought a sudden halt to Cleveland’s building Cinderella story, one that saw them overcome a 15 1/2-game deficit to Detroit to win the AL Central, then force Thursday’s Game 3 after dropping the series opener. While coming back from the brink again and again, the Guardians forged an identity of a never-say-die team. As glorious as the run may have been, losing to the Tigers doesn’t hurt any less.

“There’s no ending of the season,” Guardians manager Stephen Vogt said. “It doesn’t end gradually, it just halts. We’ve been with each other every day for eight months. More time with each other than our family. Working together, laughing together, crying together, yelling together, you name it. Now it stops, and I had so much fun with this group.”

With the series win, the Tigers are building a budding comeback story of their own. For much of the season, Detroit was poised to land the AL’s top overall seed but a second-half slump capped by a 7-17 September landed them in Cleveland, as the road team in a wild-card series.

Now the Tigers are on their way to play the Seattle Mariners in the ALDS, beginning Tuesday, and if you had any doubts about it entering the wild-card round, you can now safely assume that the Tigers have turned the page on their lackluster finish.

“It only gets better from here,” Hinch said. “And I’m proud of our group for continuing to learn and grow and mature and fight off some of the negative thoughts that come along the way when people doubt you or you start struggling a little bit. You’ve got to stay in there.”

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Environment

USA Rare Earth jumps 8% after CEO confirms discussions with Trump administration

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USA Rare Earth jumps 8% after CEO confirms discussions with Trump administration

USA Rare Earth CEO: We are in close communication with White House

Shares of USA Rare Earth jumped in extended trading Thursday, after CEO Barbara Humpton told CNBC that the rare earth miner is “in close communication” with the White House.

Humpton’s comment comes after the Trump administration took a 5% equity stake in Lithium Americas this week. The Defense Department took a 15% stake in rare earth miner MP Materials in July.

“We are in close communication with the administration,” Humpton told CNBC’s Morgan Brennan when asked whether USA Rare Earth was interested in a deal with the Trump administration.

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USA Rare Earth stock year to date.

USA Rare Earth shares were last up about 8% after hours. Its stock gained 23% in regular trading Thursday and has nearly doubled this year.

“This is a field where it will not be a zero sum game,” Humpton said of the rare earth supply chain. “It’s going to take a lot of players to build out this marketplace.”

USA Rare Earth is developing a mine in Sierra Blanca, Texas, and a magnet production facility in Stillwater, Oklahoma. Humpton said she supports the Trump administration’s deals with MP and Lithium Americas.

“What we’re doing is keeping the administration informed of our own plans,” she said.

The adminstration has said it is making the investments to help support the industry and break U.S. dependence on China.

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