There is a lot of weird financial data in/around Nike that is coming to a head.  For those who track issues closely, Nike is using the COVID-19 issues to hide the Kaepernick effect.

Everyone remembers Nike went all-in on their social justice model and made a corporate decision to make Black Lives Matter activist Colin Kaepernick the image of their brand.

In their latest financial results Nike is reporting a net quarterly loss of $790 million…. That’s a big deal. However, given the defensive excuses over the COVID-19 shutdown, that loss alone isn’t the big story.  Their year-over-year sales are down 38%, which tells us the downward spiral has been happening for a lot longer than a quarter.

How bad were their results?  To give you some perspective most financial analysts in the industry were looking for a profit target around seven cents per share.  The result Nike reported was a loss of 51 cents per share.  That is a massive disparity.

In my opinion, having tracked MAGA and Anti-MAGA companies and effects, what Nike was doing in much of last year was hiding and deferring income losses due to sales declines.  They did this because the larger goal was to hide the impact of their branding shift. Nike didn’t want people to know how much backlash they faced, so they used every mechanism possible including inventory manipulation to avoid showing losses.

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Washington DC was not established as a state for the exact reason why Speaker Pelosi and House Democrats are trying to gain statehood for Washington DC; absolute corruption and power, it’s a self-fulfilling proposition. Pelosi is now trying to cloud the latest effort under the false pretense of civil rights; but civil rights has nothing to do with it.

Washington DC was established to be a geographic centralized zone to house the offices of very limited federal government.  DC is now a zone of political corruption intentionally isolated from the rest of the nation; and built into a system of internal benefit, scheme, graft and power. The exact opposite of its purpose.

WASHINGTON DC – The House on Friday approved landmark legislation granting statehood to Washington, D.C., in a 232-180 vote.

The vote was historic, marking the first time either chamber has passed legislation to elevate the District to the 51st state — and empower its residents with long-sought voting representation within the halls of Congress.

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Commerce Secretary Wilbur Ross appears on Fox News with Stuart Varney to discuss a change in federal hiring policy.  However, within the interview Ross notes some key economic data that has a very solid predictor value for economic growth.

Both the spending rates and the savings rates for Americans are at all time highs.  The COVID-19 lockdown has limited purchase options, leading to less initial spending; however, consumers have a lot of recent cash reserve as shown in their rate of savings.

Ross is right, within this dynamic, as soon as economic limits are removed, the spending will boost the economy very quickly.

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During President Trump’s visit to Wisconsin he sat down for a town hall event with Fox News host Sean Hannity.

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Fox Host Tucker Carlson broadcast a stunning example showing how average Americans are being terrorized by rampaging mobs as local and state officials do nothing.

In the example a woman driving with her daughter through Fredericksburg, Virginia, is attacked by a mob of Black Lives Matter thugs.  Panicked the lady calls 911 for help, the response from the 911 operator is to chastise the woman and tell her to “call city hall” with her complaint.   This is a prime example of what Marxist Democrats support.  WATCH:

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Devin Nunes appears for a short interview with Martha MacCallum to discuss the latest information in/around the background investigation of the Michael Flynn case.

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Earlier today President toured Fincantieri Marine shipyard and delivered remarks about the historic $5 billion dollar contract the Administration recently granted Fincantieri Marinette Marine. This is the first visit by a sitting President to the city of Marinette, Wisconsin.

Fincantieri Marinette Marine is a United States subsidiary of Italian enterprise Fincantieri, one of the world’s largest shipbuilders, the shipyard was established in 1942 to meet America’s growing demand for naval construction.

The Trump Administration’s contract to build up to ten new guided missile frigates worth nearly $5.5 billion, will secure the future of the shipyard. Fincantieri plans to invest $130 million in upgrades to the facility, add approximately 1,000 jobs and projects that the investment will create 15,000 additional jobs in the Wisconsin and Michigan supply chains.

[Transcript] – THE PRESIDENT: Thank you. Thank you. Yeah, it’s a good song, isn’t it though? Lee Greenwood.

And thank you very much. I’m thrilled to be here with you on this incredible summer day in Wisconsin on the edge of the beautiful Lake Michigan — that is beautiful too; I know it well — with the legendary workers of Marinette Marine. And you now have a lot of contracts because of the United States government. You’re going to — you’re going to be so busy. (Applause.) You’re going to be so busy. I know you went through a little bit of a hard time; not anymore. Not anymore. Got you covered for years.

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The Supreme Court has ruled 7-2 (pdf here) that asylum seekers have no right to a hearing when their claim is denied; and their deportation is in accordance with the law.  This is a major win for the Department of Homeland Security, immigration and border controls.

TRIBUNE – The Supreme Court ruled Thursday that asylum seekers who are turned down by immigration officials do not have a right to make their case to a judge, a win for the Trump administration and its desire to quickly deport people who enter the United States illegally.

The ruling was 7 to 2, although the usual undercurrents of an ideological divide on the court were present. Two of the court’s liberals dissented, and the other two agreed only with the outcome in the specific case.

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Today, NASCAR released a picture of the garage pull-down rope and knot that both they and Bubba Wallace described as a “noose hanging over the car“.

Except it clearly was not hanging over the car, and it clearly wasn’t a “noose” or it wouldn’t function to help pull the door down. Driver Bubba Wallace now calls it “a non-functioning noose.”  Or, in simple terms, a garage pull-down rope with a loop-knot tied in the end.

However, what NASCAR does not yet realize is the picture they have provided actually makes the situation worse; because the picture shows something else, something worse:

The picture was taken Sunday, in Bubba Wallace’s garage stall #4, when the race was cancelled due to inclement weather (rain and lightning).  However, pay close attention to the partially visible uniform on the man standing at the left of the picture.

That person is a member of the Wood Brothers Race Team and this is a VERY important facet.  The picture was taken Sunday, prior to the “noose” (hereafter called a knot) being cut down.  According to a statement by the Wood Brothers team, they informed NASCAR officials the garage-pull in question was in place in 2019:

“One of our employees notified us yesterday … he recalled seeing a tied handle in the garage, from last fall.  We immediately notified NASCAR and have assisted the investigation”. (link)

So that would explain why one of the Wood Brothers team was present on Sunday June 21st when the photograph was taken.

But here’s the problem…. If that picture was taken by NASCAR that means NASCAR was aware the knot in question was in place in 2019; and therefore knew Bubba Wallace was not the target…. and they would know this on Sunday; before they went out and made a big racial publicity stunt over it.

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Michael Flynn’s attorney Sidney Powell appears with Maria Bartiromo to provide insight into the DC Circuit Appellate court ordering the dismissal of the Flynn case. One of the key points Ms. Powell draws attention to is that her client was targeted.  Within that targeting there’s a criminal conspiracy.

In hindsight it is very clear the White House, DOJ and FBI knew they were treading on thin ice. Susan Rice’s memo to file is clearly a CYA memo for the White House. James Comey’s memos are clearly a CYA effort for his participation. Bill Priestap kept his own notes reflecting his CYA; and Peter Strzok’s notes appear to have the same motivation.

Additionally, when the special counsel was put into place, Andrew McCabe’s memos to self are clearly written from a CYA perspective. They knew what they were doing was wrong.

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