Chris Cuomo Exposes Trump’s 2020 Strategy: ‘Keep People Pissed Off And Frustrated’

Tribune Publishing the Latest Newspaper Company to Cut Staff

Tribune Publishing Co. (NYSE: TPCO) has become another newspaper company that continues to gut staff. The move again raises the question of whether consumers will buy products that have been diminished.

According to CNN Business, Tribune Publishing’s management sent a notice to its employees that it was offering voluntary buyout deals to people who have been with the company for over eight years. In most cases, these are probably among the highest-paid workers. Tribune owns the Chicago Tribune, the Baltimore Sun and the New York Daily News, among others.

Some may blame the fact that Alden Capital has become the Tribune’s largest shareholder. Alden is known for aggressively cutting staff at papers it owns. However, the reasons go beyond that. Revenue at most large and medium-size metro papers continues to fall between 5% and 10% a year. Tribune’s problem is how it can make money this year into next.

The debate among experts in the newspaper industry is about whether newsrooms, which represent only part of the employee base of most papers, can be cut indefinitely. At some point, the products have become so much a shell of what they were a decade ago that consumers will not buy either paper or digital subscriptions. It is a spiral down that has become incessant.

Finally, if a large chain like Tribune cannot effectively fight the industry’s problems, what can the industry expect from everyone else?

Gold Hovers Near Two-week Low

Gold prices dipped on Tuesday to hover near two-week lows as risk sentiment continued improving on the back of U.S.-China trade deal optimism and upbeat trade data from China.

Spot gold slid 0.2 percent to $1,544.66 per ounce, after having fallen to their lowest since Jan.3 at $1,535.63 earlier in the day. U.S. gold futures were down 0.4 percent at $1,545.15.

Investors welcomed signs of a thawing in relations between the United States and China after the U.S. Treasury Department dropped China’s designation as a currency manipulator and China pledged to buy nearly an additional $80 billion of U.S. manufactured goods over the next two years.

The phase one U.S.-China trade deal is due to be signed at the White House on Wednesday. U.S. Trade Representative Robert Lighthizer told Fox Business that the Chinese translation of the deal’s text was almost done.

On the data front, China’s exports rose an annual 7.6 percent in the month, marking the first gain in the country’s exports since July 2019 and the fastest growth rate since March 2019, official data showed. At the same time, imports in the month grew 16.3 percent from a year earlier.

Corvette Sales Tumble in 2019

GM’s Chevy Corvette was named the 2020 North American Car of the Year. The group that decides the winner clearly doesn’t care about customer demand. Corvette sales last year dropped 4.3% to 17,988.

Granted, the winners need to have been new versions of vehicles, but changes in the Corvette may not mean better sales — at all. The base price of the Corvette Stingray is $55,900. The price can easily rise to over $80,000 with upgrades and accessories.

The Corvette’s weak sales also may have to do with a large number of rival vehicles. These start with American car companies. Ford’s Mustang is on the list. So is the Dodge Challenger. Porsche, BMW, Mercedes and Audi offer competitors. The Corvette’s falling sales are an indication that GM has not done a better job elbowing the Corvette into this part of the market.

Finally, the car receives mixed reviews for reliability. Consumer Reports ranks the Corvette four stars out of five, yet ranks the Corvette below most competitors.

To be fair, a number of reviewers rank it among the best sports cars in the world. That means a set of mixed opinions.

Will the new version of the Corvette improve sales. If not, it is a solid, exotic car with falling demand.

Gunfire heard in Sudanese capital: witness

KHARTOUM (Reuters) – Gunfire was heard on Tuesday at two buildings used by Sudan’s general intelligence service in the capital Khartoum, two Reuters witnesses said.

Security forces blocked the road leading to one of the buildings, one witness said. The district is close to the capital’s airport.

No further information was immediately available.

Sudan is undergoing a three-year political transition overseen by civilians and the military following the overthrow of long-time ruler Omar al-Bashir in April.

Chris Cuomo Exposes Trump’s 2020 Strategy: ‘Keep People Pissed Off And Frustrated’

Chris Cuomo says President Donald Trump is telegraphing his plan to win reelection, and it comes down to three words: “Lie, deny, defy.” 

On Monday night, the CNN host said that strategy was already in use on two key issues: the Iran crisis and health care. 

On Iran, Trump and his administration have offered vague and shifting explanations as to why they believed there was an “imminent” threat to the United States which required the military to assassinate Iranian Maj. Gen. Qassem Soleimani in a drone strike earlier this month. 

“Why imminent?” Cuomo asked, holding up a hand to his ear. “Crickets. No proof that it was, period.” 

Trump later tweeted “it doesn’t really matter” if an attack was imminent or not.

“Oh, it matters,” Cuomo said, offering up a refresher on how Republicans responded to a shifting narrative following the 2012 attack in Benghazi, Libya. 

Then, Cuomo turned to health care, where Trump has repeatedly claimed he’s working to protect pre-existing conditions all while his administration works in court to do just the opposite. 

“He needs to do it this way: Lie, deny, defy,” Cuomo said. “Orwellian double-speak allows him to keep people pissed off and frustrated. He can’t win without doing it ― he’s not liked enough.”  

See Cuomo’s full takedown below: