Copper's Spiking - And This Junior Has the Grades to Match

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Why should America worry about Trump? Try the price of eggs, say some Democrats

STEVE PEOPLES
March 07, 2025

NEW YORK (AP) -- As their party struggles to navigate the early days of Donald Trump's second presidency, some Democrats are convinced that their road to recovery lies in the price of eggs.

Instead of leaning into Trump's teardown of the federal government or his alliance with billionaire lieutenant Elon Musk, they're steering to what they perceive as the everyday concerns of Americans -- none more important than grocery prices and eggs in particular.

U.S. egg prices hit a record average of $4.95 per dozen in January, surpassing a previous record set in January 2023, according to federal data. In some parts of the country, they're much higher. A Safeway supermarket in San Francisco was selling a dozen eggs for $10.99 this week.

The U.S. Department of Agriculture expects egg prices to rise 41% this year. Already, some restaurants are adding temporary surcharges when customers order eggs. Denny's said its surcharge varies by region and even by restaurant, while Waffle House added a 50-cent surcharge per egg at all its restaurants.

The Democratic establishment's focus on blaming Trump for those price spikes represents a stark break from its activists, who have launched a protest movement arguing that Trump is a budding dictator with no regard for the Constitution.

Such concerns may be valid, some Democratic members of Congress say, but they don't resonate with working-class Americans trying to feed their families.

"When that is your day-to-day worry, the philosophical conversations about a constitutional crisis or the democracy is simply not a luxury you can afford," Rep. Kristen McDonald Rivet, D-Mich. "I'm not saying we shouldn't worry about those things, because we should and they are important, but they are not primary in the minds of the people in Saginaw, Michigan."

The message underscores the Democratic ecosystem's broad acknowledgment that the party must make changes to win back the hearts and minds of voters worried about the economy, who shifted toward Trump's GOP last fall and gave Republicans control of the White House and both chambers of Congress.

It's unclear, however, whether the Democrats' newfound focus will do much in the short term to stop Trump's sweeping campaign to consolidate power in Washington or if it can harness the energy of the party's progressive base, which wants new and creative solutions to address what they view as an existential threat.

Indivisible co-founder Ezra Levin, whose organization helped coordinate a nationwide protest movement that put House Republicans on defense, called the Democrats' focus on eggs "a communications strategy built for a 1990s policy fight."

"They're looking at polls that say inflation is unpopular, and they think Dems can win people with boring, tired talking points," Levin said. "But it's 2025 -- this isn't how politics works anymore. And their failure to update their approach to creeping authoritarianism is a simple failure of leadership."

Moving from billionaires to eggs

The Democratic establishment's new approach echoed across Washington this week after Trump delivered a 99-minute speech to a joint session of Congress. Trump defended the tariffs he has threatened to impose on America's trading partners. A trade war could boost prices further on everything from fruits and vegetables to cellphones, lumber and cars.

In the opening hours of Trump's presidency, the Democratic National Committee issued talking points encouraging allies to talk about "Trump's plans to screw over America" and highlight Trump's alliances with Musk and other tech billionaires.

The DNC's talking points sounded different after Tuesday's speech.

"We saw Trump ramble on about invading Greenland and planting the American flag on Mars, but what we didn't hear was a plan to lower costs and address Americans' anxiety about the looming economic disaster he's driving us toward," read the DNC talking points. "Consumer confidence has fallen sharply, everyday costs are skyrocketing, and congressional Republicans are pushing deeply unpopular tax cuts for the ultra-wealthy."

At the same time, Democratic officials shared new internal data Thursday that they say indicates inflation and the cost of living are voters' top priority. Democracy, by contrast, ranked No. 12.

Public polling goes further.

A Washington Post/Ipsos poll found that one month into the new administration, U.S. adults remain almost universally unhappy about the cost of groceries. According to the survey, about 9 in 10 Americans say that food prices are "not so good" or "poor," including about half who say they're "poor." And a CNN/SSRS poll conducted in mid-February found that about 6 in 10 Americans said Trump had "not gone far enough" in trying to reduce the price of everyday goods.

But the party is hardly united on the new approach.

Rep. Al Green, D-Texas, was ejected from the House chamber during Trump's speech and eventually censured for refusing to stop shouting his concerns about potential Medicaid cuts. Other Democrats silently waved small signs that read "Musk steals," "Save Medicaid" and "Lies." Still others skipped the speech altogether in protest.

Why are egg prices so high?

In this week's speech, Trump blamed the surge on his Democratic predecessor.

"Joe Biden especially let the price of eggs get out of control -- the egg prices out of control. We're working hard to get it back down," Trump charged as Democrats in the chamber booed.

The industry and most experts agree that the ongoing bird flu outbreak is the main reason egg prices are setting records, although some question whether egg producers are inflating prices to boost profits.

As further evidence that Trump's team is aware that the situation is becoming a political liability, Musk used his social media platform on Thursday to cast more blame on Biden.

"There was an insane slaughter of 150 million egg-laying chickens ordered by the Biden administration," Musk wrote on X, neglecting to mention the millions of egg-laying chickens killed since Trump took office.

Indeed, as of Thursday afternoon, 27,116,857 birds have been killed since Trump returned to the White House to limit the spread of bird flu. That's because the federal government's longstanding policy requires farmers to kill their entire flocks anytime a bird gets sick to help limit the spread of the virus.

Overall, more than 166 million birds -- most of them egg-laying chickens -- have been slaughtered since the outbreak began in 2022.

The Trump administration did unveil a plan to combat bird flu to help ease egg prices. But the impact is hard to predict given that the $1 billion plan isn't a drastic departure from the previous policy.

Specifically, Trump's plan doesn't change the USDA's longstanding policy of slaughtering flocks when a sick bird is found. Instead, the plan focuses on helping farmers adopt the most effective biosecurity measures to keep the virus out and explores the prospects for a bird flu vaccine, among other moves.

Rep. Josh Riley, D-N.Y., who recently confronted a bird flu outbreak in his upstate district, said almost every conversation he has with constituents centers on rising prices, especially eggs. He made a direct link between concerns about the economy and democracy.

"If you're worried about our democracy ... that's more of a reason to be worried about the price of eggs," Riley said. "The reason our democracy is in the situation is in, the reason our country is in the situation it's in, is because for decades, politicians have neglected the needs of everyday working people."

He continued: "Is it any wonder, after 40 years of shipping jobs overseas just to make Wall Street rich, after three years of egg prices skyrocketing and nobody around this place doing a goddamn thing about it, that people are really, really frustrated and believe that our democracy does not work for them? Can you blame them?"

___

AP writers Josh Funk in Omaha, Nebraska; Dee-Ann Durbin in Detroit; and Amelia Thomson DeVeaux in Washington contributed.

Continue Reading...

Popular

Trump keeps saying the GOP mega bill will eliminate taxes on Social Security. It does not

WASHINGTON (AP) — President keeps saying that Republicans' mega legislation will eliminate taxes on federal benefits.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

This Stock Just Popped 30% In 5 Days — Now Expert Says It 'Looks Potentially Explosive'

Experts have been betting on the growth prospects of Oscar Health, as it surged by 16.51% on Wednesday and 32.56% in the last five days.

Mystery Seller Behind $105 Million Plot Next to Jeff Bezos Estate Finally Revealed

A plot of land neighboring Jeff Bezos' property in Miami was sold for a staggering $105 million. The undeveloped lot was sold by German investor Mikhail Peleg.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Mark Cuban Raises Employee Wages After Learning Of Government Aid Dependence

Mark Cuban, owner of the NBA's Dallas Mavericks, expressed his dismay upon learning that some of his employees were reliant on government aid programs.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Netflix's Squid Game Finale Takes Over Seoul With Massive Parade, Star-Studded Fan Event

Netflix celebrated the finale of Squid Game with a parade and fan event in Seoul, featuring characters and emotional reflections from cast.

Asia Markets Mixed, Europe Slips, Dollar Weakens Further As Tariff Deadline Looms - Global Markets Today While US Slept

U.S. markets up on trade deals and rate cut hopes, but concerns persist. Mixed economic data, Central bank expectations, and geopolitical risks affect performance. Asia and Europe markets mostly lower, commodities mixed, USD weak on trade uncertainty.

Back This Medical AI Tech - Ad

You don't often find healthcare tech company valued at $4M. HeartSciences is an exception. With $75M invested, including R&D, clinical trials, and product development, their patented AI software is approaching FDA submission, a potential major inflection point.

Judge allows antitrust lawsuit against Apple to proceed

A federal judge on Monday rebuffed Apple's request to throw out a U.S. government lawsuit alleging the technology trendsetter has built a maze of illegal barriers to protect the iPhone from competition and fatten its profit margins.

A Historic Gold Announcement Is About to Rock Wall Street - Ad

The greatest investor of all time is about to validate what Garrett Goggin has been saying for months: Gold is entering a once-in-a-generation mania. Front-running Buffett has never been more urgent - and four tiny miners could be your ticket to 100X gains.

After Diddy's conviction, here's where his business ventures stand

LOS ANGELES (AP) — Sean “Diddy” Combs has been in his federal sex trafficking trial, but that doesn't mean the once-celebrated music mogul will see his business empire restored.

Reapply Or Wait? Servicer MOHELA Says New IDR Applications May Move Faster — Here's What You Need To Know

MOHELA, the Education Department's loan servicer, urges student loan holders to reapply for income-driven repayment plans filed before April 27, 2025 to expedite processing and cancel previous requests. However, this may result in administrative forbearance that does not count towards forgiveness.

How to Hack a $1.3T Market - Ad

Forget concrete. The new foundation for real estate success is digital, and Pacaso leads the way. Their tech unlocks a $1.3T real estate market. They've already earned $110M+ in gross profits in their operating history and reserved the Nasdaq ticker PCSO.

Elon Musk Says 'Clear Path' To Restoring Hearing With Neuralink, But The Deaf Community Want To Have Their 'Say'

Elon Musk's Neuralink faces backlash from the deaf community after proposing brain implant technology to restore hearing, with deaf adults calling for inclusion in the research process.

This Rare Metal Spiked 300%-And One Tiny Firm May Be Riding the Surge - Ad

Antimony prices soared last year, but few investors noticed. One firm, sitting on a historic deposit, is perfectly positioned to benefit as demand grows for defense.

Nearly 368,000 pounds of Oscar Mayer turkey bacon recalled over possible listeria contamination

Nearly 368,000 pounds of Oscar Mayer turkey bacon products are being recalled over possible contamination with , federal health officials said Wednesday.

Bitcoin, Ethereum, XRP, Dogecoin Surge Ahead Of Independence Day

Cryptocurrency markets are surging heading into the holiday weekend, fueled by optimism around altcoin ETF approvals for 2025 and the impending ratification of the ‘Big Beautiful Bill.’

Copper's Rally Is Back. This $31M Junior Is Sitting on a Potential Fortune - Ad

A high-grade copper-gold discovery in Quebec just delivered extremely high grade intercepts. Valuation? Just $31M. With copper breaking out, the timing here could be perfect. Get the symbol here.

Is Elon's Empire Crumbling? - Ad

Jeff Brown - the legend who called Tesla and Nvidia early - says Elon is about to launch a $25T AI revolution. This isn't another chatbot. It's real-world AI that could 14X the impact of ChatGPT. But after July 23rd, it may be too late.

Datadog Stock Surges On S&P 500 Inclusion

Datadog Inc (NASDAQ:DDOG) shares are trading higher in Wednesday's after-hours session after it was announced that the company will join the S&P 500.

Asian shares mostly higher after US stocks hit another record as Tesla and Nike rally

MANILA, Philippines (AP) — Asian shares mostly gained on Thursday after U.S. stocks hit another all-time high.

Copper's Spiking - And This Junior Has the Grades to Match - Ad

Copper is climbing again - and this time, it looks tariff-proof. A $31M junior just posted nearly 1B lbs of copper equivalent. With insiders and institutions piling in, this could be the next breakout.

Asia Markets Mixed, Europe Gains, Dollar Hit by Fed Concerns And Cooling Inflation - Global Markets Today While US Slept

US markets closed mixed on Wednesday, tech shares lifted Nasdaq while S&P 500 remained flat. Fed Chair Powell reiterated wait-and-see approach. Asian markets mostly up, European markets also positive with oil prices steady.

KKR Bets On Sustainable Protein Demand With ProTen Investment In Australia

KKR is acquiring Australian poultry giant ProTen to strengthen its agri-infrastructure portfolio and tap growing demand for sustainable protein.

Buffett's Favorite Chart Just Hit 209% - Here's What That Means For Gold - Ad

Buffett's favorite market signal just hit its highest level in history-stocks are more overvalued than 1929. He's sitting on $325B in cash... and may be about to buy one overlooked gold miner. I've identified it-plus 4 others with up to 100X potential.

FDA vaccine official restricted COVID vaccine approvals against the advice of agency staff

WASHINGTON (AP) — The working under Health Secretary recently of two COVID-19 vaccines, disregarding recommendations from government scientists, according to federal documents released Wednesday.

The Tesla Shock Nobody Sees Coming - Ad

While headlines scream "Tesla is doomed"...Jeff Brown has uncovered a revolutionary AI breakthrough buried inside Tesla's labs. One that is helping AI escape from our computer screens and manifest itself here in the real world all while creating a 25,000% growth market explosion starting as early as July 23rd.

Crew abandons Liberian-flagged, Greek-owned ship attacked in the Red Sea, UK military says

DUBAI, United Arab Emirates (AP) — Crew members aboard a Liberian-flagged ship set ablaze by a series of attacks in the Red Sea abandoned the vessel Sunday night as it took on water, marking the first serious assault in the vital corridor for trade after a monthslong campaign by there.

Tesla Rival Xiaomi Wants To Sell Cars Internationally Starting 2027, CEO Lei Jun Says

Xiaomi plans to sell its electric vehicles overseas as SU7 and YU7 models gather steam in the Chinese domestic market.

Gold Just Hit Another Record. This Junior Could Be Next. - Ad

This copper junior was the smallest company invited to a top global mining conference. With nearly 1B pounds CuEq and 50,000m of funded drilling, this story won't stay quiet for long.

Republicans hit major setback in their effort to ease regulations on gun silencers

WASHINGTON (AP) — Republican efforts to loosen regulations on and short-barreled rifles and shotguns have been dealt a big setback with the Senate parliamentarian advising that the proposal would need to clear a 60-vote threshold if included in their big tax and immigration bill.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright technicaltrading.org
Privacy Policy | Terms of Service