It's Saturday, July 12th. I'm Alli Velia. A federal judge has temporarily blocked the Trump administration from carrying out indiscriminate ICE sweeps in the Los an in the Los Angeles area.The district court judge wrote that roving patrols without reasonable suspicion violate the fourth amendment and denying detainees access to lawyers violates the fifth amendment. The judge added that there is a mountain of evidence that ICE agents have been arresting people based solely on race, accent, or the work that t ...

Joining me now is Lukan Ahmed Way, distinguished professor of democracy at the University of Toronto and the author of numerous books including Revolution and Dictatorship: The Violent Origins of Durable Authoritarianism and Joyce Vance, former United States Attorney, co-host of the Sisters-in-law podcast and an MSNBC contributor. Welcome to you both. Luka, I think I'm we're getting a commission from University of Toronto.Uh this this show we had uh we had Jason Stanley on at at 10:00. You have studied how ...

We begin with new tariffs slapped on Europe and Mexico. President Trump today announcing new tariff letters dispatched to members of the European Union imposing a 30% tariff on imports that starts August 1st. European leaders reacted swiftly saying they will continue trade talks but consider counter measures.They plan to meet tomorrow in Brussels to respond. How is the president justifying this new 30% tariff on both the European Union and Mexico. Well, the president, as you said, is threatening to put thes ...

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Core Viewpoint - Costco Wholesale has significantly outperformed the broader market, with a 200% increase in stock price over the last five years, doubling the S&P 500's return during the same period [1] Group 1: Sales Growth and Opportunities - Costco's sales have accelerated post-pandemic, with annualized revenue growth of about 11% from fiscal 2019 to fiscal 2024, compared to 8% from fiscal 2010 to 2019 [2] - The company has substantial growth opportunities in e-commerce and non-food sales, with e-commerce sales increasing nearly 16% year over year last quarter [6][7] - Costco's competitive advantage lies in its membership model, with nearly 80 million paying households, allowing it to offer low prices and continue expanding [4] Group 2: Expansion Plans - As of the recent quarter, Costco operates 914 warehouses globally, with plans to open 24 new locations in high-quality markets such as Sweden, Japan, South Korea, and Canada [5] - The company is experiencing double-digit sales growth in various non-food categories, including jewelry, toys, and home goods, indicating strong demand for diverse product offerings [8] Group 3: Valuation Concerns - Costco's stock trades at a high earnings multiple of 54 times forward earnings, significantly above the S&P 500's forward P/E ratio of 26 [9] - The current P/E ratio is also above Costco's five-year average of 44, raising concerns about the sustainability of such a high valuation given the slowing sales momentum in e-commerce and non-food sales [10][11] - Analysts expect long-term earnings growth at an annualized rate of 9%, which may not justify the current high P/E, potentially leading to disappointing returns for investors [11][12]

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Bitcoin's volatility is down, which means its famous price surges could become a lot less dramatic as the asset matures, experts told Decrypt. https://t.co/usf8bqFeiQ ...