Rise of the Machines
Another Texan weighs in on the need for a wall:
“The United States needs a sovereign border wall on her southern border! The U. S. needs border protection much, much more than the Democrats need precious votes.
“If we continually allow a greater [number] of [illegal] aliens into the country, we will shortly cease being a country and no laws will protect any of us.
“This will fall on the Democrats’ heads, though we all will suffer!”
Another reader writes: “I am so shocked that so many people are ignorant of our Constitution.
“Article IV, section 4 states:
‘The United States shall guarantee to every state in this union a republican form of government, and shall protect each of them against invasion; and on application of legislation, or of the executive (when the legislature cannot be convened) against domestic violence.’
“I feel that President Trump should take matters in his hands as…our EXECUTIVE under the Constitution of the United States…and proceed with the wall to secure our borders and to PROTECT OUR CONSTITUTIONAL RIGHTS.”
Invoking the Constitution…interesting — especially considering the article above is one of obligation. For the most part, Article IV, section 4 spells out the government’s obligations to its citizens.
Namely, guaranteeing the preservation of a representative form of government and equally protecting each state from invasion — by a foreign entity or even another state.
The article’s final guarantee is murkier; it’s been interpreted as Congress or the President can apply for protection from local insurrections.
That being said, do you think this Constitutional article is applicable to the current border situation between the U.S. and Mexico?
Send your opinions to, TheRundownFeedback@SevenFigurePublishing.com.
Your Rundown for Wednesday, January 23, 2019:
Rise of the Machines
IBM announced 2018 Q4 earnings late yesterday afternoon. The long and short? Several noteworthy beats.
- Earnings Per Share: $4.87 versus $4.82 expected
- Revenue: $21.76 billion versus $21.71 billion expected
In pre-market trading, shares were buoyed by the earnings news:
But IBM missed the mark on earnings in one critical business segment — as a cloud provider. The company posted $8.9 billion in revenue while analysts expected $9.04 billion.
To augment this segment — that has stiff competition from Amazon, Google and Microsoft — IBM plans to buy software solutions company Red Hat in the second half of 2019.
The takeaway? Bloomberg reports: “Morgan Stanley is raising estimates for this year’s earnings-per-share due to better-than-anticipated organic software and services revenue growth and operating leverage, along with a gain-on-sale of assets that made up for lost profit and additional restructuring costs.”
Heads up on IBM.
Market Rundown for Wed. January 23, 2019
S&P 500 futures are up 12.50 to 2,644.50.
Oil’s up 50 cents to $53.51 per barrel.
Gold is down $2.60 to $1,280.80 per ounce.
Bitcoin’s down $3.30 to $3,598.74.
Send your comments and questions to, TheRundownFeedback@SevenFigurePublishing.com.
Have a good day. We’ll talk tomorrow.
For the Rundown,