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LONDON/NEW YORK, July 11 (Reuters) – Suppliers to Walmart WMT.N have delayed or put on hold some orders from garment manufacturers in Bangladesh, according to three factory owners and correspondence from a supplier seen by Reuters, as U.S. President Donald Trump’s threat of a 35% tariff on the textile hub disrupts business.

Bangladesh is the third-largest exporter of apparel to the United States, and it relies on the garment sector for 80% of its export earnings and 10% of its GDP. The factory owners all said they expected orders to fall if the August 1 tariffs go into effect, as they are unable to absorb that 35% rate.

Iqbal Hossain, managing director of garment manufacturer Patriot Eco Apparel Ltd, told Reuters an order for nearly 1 million swim shorts for Walmart was put on hold on Thursday due to the tariff threat.

“As we discussed please hold all below Spring season orders we are discussing here due to heavy Tariff % imposed for USA imports,” Faruk Saikat, assistant merchandising manager at Classic Fashion, wrote in an email to Hossain and others seen by Reuters. Classic Fashion is a supplier and buying agent that places orders for retailers.

“As per our management instruction we are holding Bangladesh production for time being and IN case Tariff issues settled then we will continue as we planned here.”

The hold was not decided by Walmart, Saikat told Reuters, but by Classic Fashion itself.

Walmart did not respond to a request for comment.

Bangladesh is currently in talks with the United States in Washington to try to negotiate a lower tariff. Trump in recent days has revived threats of higher levies on numerous nations.

“If the 35% tariff remains for Bangladesh, that will be very tough to sustain, honestly speaking, and there will not be as many orders as we have now,” said Mohiuddin Rubel, managing director at jeans manufacturer Denim Expert Ltd in Dhaka.

Rubel, whose company produces jeans for H&M HMb.ST and other retailers, said he expects clients will ask him to absorb part of the tariff, but added this would not be possible financially. Manufacturers have already absorbed part of the blanket 10% tariff imposed by the U.S. on April 2.

“Only probably the big, big companies can a little bit sustain (tariffs) but not the small and medium companies,” he said.

Retailers have front-loaded orders since Trump returned to the White House, anticipating higher tariffs. Jeans maker Levi’s LEVI.N, which imports from Bangladesh, said on Thursday it has 60% of the inventory it needs for the rest of 2025.

U.S. clothing imports from Bangladesh totaled $3.38 billion in the first five months of 2025, up 21% from the year-earlier period, according to U.S. International Trade Commission data.

Another Dhaka-based garment factory owner said an importer with whom he was negotiating a spring 2026 order of trousers for Walmart asked him on Thursday to wait a week before the order would be confirmed due to the tariff risk.

Hossain said he may look for more orders from European clients to make up for lost orders if the U.S. 35% tariff gets implemented, even if he has to cut prices to stimulate demand.

(Reuters reporting by Helen Reid in London and Siddharth Cavale in New York; Editing by David Gaffen and Matthew Lewis)

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NorthStar Gaming Holdings Inc. (TSXV: BET,OTC:NSBBF) (OTCQB: NSBBF) (‘NorthStar’ or the ‘Company’) today announced that its Board of Directors approved the grant of equity incentive awards pursuant to the Company’s Equity Incentive Plan (the ‘Plan’).

The Company has granted an aggregate of 5,078,913 deferred share units (‘DSUs’) pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services rendered in 2024. Satisfying the compensation in share-based compensation is part of the Company’s ongoing efforts to reduce costs. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.

The grant of DSUs is subject to the approval of the TSX Venture Exchange.

About NorthStar

NorthStar proudly owns and operates NorthStar Bets, a Canadian-born casino and sportsbook platform that delivers a premium, distinctly local gaming experience. Designed with high-stakes players in mind, NorthStar Bets Casino offers a curated selection of the most popular games, ensuring an elevated user experience. Our sportsbook stands out with its exclusive Sports Insights feature, seamlessly integrating betting guidance, stats, and scores, all tailored to meet the expectations of a premium audience.

As a Canadian company, NorthStar is uniquely positioned to cater to customers who seek a high-quality product and an exceptional level of personalized service, setting a new standard in the industry. NorthStar is committed to operating at the highest level of responsible gaming standards.

NorthStar is listed in Canada on the TSXV under the symbol BET and in the United States on the OTCQB under the symbol NSBBF. For more information on the company, please visit: www.northstargaming.ca.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this press release.

Cautionary Note Regarding Forward-Looking Information and Statements

This communication contains ‘forward-looking information’ within the meaning of applicable securities laws in Canada (‘forward-looking statements’), including without limitation, statements with respect to the following: expected performance of the Company’s business, and the timing of the release of the Company’s financial results. The foregoing is provided for the purpose of presenting information about management’s current expectations and plans relating to the future and allowing investors and others to get a better understanding of the Company’s anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as ‘plans’, ‘expects’, ‘is expected’, ‘budget’, ‘scheduled’, ‘estimates’, ‘continues’, ‘forecasts’, ‘projects’, ‘predicts’, ‘intends’, ‘anticipates’ or ‘believes’, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results ‘may’, ‘could’, ‘would’, ‘should’, ‘might’ or ‘will’ be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. This forward-looking information is based on management’s opinions, estimates and assumptions that, while considered by NorthStar to be appropriate and reasonable as of the date of this press release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by such forward- looking information. Such factors include, among others, the following: risks related to the Company’s business and financial position; risks associated with general economic conditions; adverse industry risks; future legislative and regulatory developments; the ability of the Company to implement its business strategies; and those factors discussed in greater detail under the ‘Risk Factors’ section of the Company’s most recent annual information form, which is available under NorthStar’s profile on SEDAR+ at www.sedarplus.com. Many of these risks are beyond the Company’s control.

If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking statements. Although the Company has attempted to identify important risk factors that could cause actual results to differ materially from those contained in the forward-looking statements, there may be other risk factors not presently known to the Company or that the Company presently believes are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking statements. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. No forward-looking statement is a guarantee of future results. Accordingly, you should not place undue reliance on forward-looking information, which speaks only as of the date made. The forward-looking information contained in this press release represents NorthStar’s expectations as of the date specified herein, and are subject to change after such date. However, the Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

All of the forward-looking information contained in this press release is expressly qualified by the foregoing cautionary statements.

For further information:

Company Contact:
Corey Goodman
Chief Development Officer 647-530-2387
investorrelations@northstargaming.ca

Investor Relations:
RB Milestone Group LLC (RBMG)
Northstar@rbmilestone.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258672

News Provided by Newsfile via QuoteMedia

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FBI Deputy Director Dan Bongino was outraged this week during a closed-door White House meeting about the Department of Justice’s review of Jeffrey Epstein’s sex trafficking case files, according to multiple sources.

Bongino raised his voice during a discussion with White House chief of staff Susie Wiles before storming out of the meeting, according to two sources close to DOJ leadership. Bongino also exchanged heated words with Attorney General Pam Bondi during the meeting, and the whole ordeal has led him to consider resigning from the FBI, another source said.

Another person with knowledge of the meeting disputed the characterization that Bongino yelled at Wiles or Bondi during the sitdown.

However, that person agreed that Bongino was ‘enraged.’ The source said the deputy director was angry about the Epstein memo rollout and what he viewed as Bondi’s ‘lack of transparency from the start.’ The memo, a joint product of the DOJ and FBI, said the two agencies had no further information to share with the public about Epstein’s case, a revelation that sparked fury among the MAGA base. The memo first appeared in Axios over the weekend, and then the DOJ and FBI published it Monday.

Asked about the claim that Bongino yelled at Wiles, a White House official said it was ‘100% false.’ Wiles is a veteran of Florida politics who led Trump’s campaign, and the president has described her as ‘universally admired.’

The fracture in DOJ and FBI leadership spilled into the public on Friday amid fallout from the memo.

The memo stated that the DOJ and FBI concluded their review of Epstein’s files and did not find any information that could lead to charges against anyone new.

Despite Bongino reportedly now breaking with leadership over the memo and weighing resignation, people familiar with the matter said as of Friday that FBI Director Kash Patel and Bondi remained in communication and that Patel is happy with his job.

A DOJ spokesman and an FBI spokesman did not respond to requests for comment.

Bongino, a former Secret Service agent with no prior FBI experience, hosted a popular podcast before Trump tapped him to serve in the No. 2 role at the bureau. On his show, Bongino repeatedly raised alarm over Epstein’s ‘client list,’ saying ‘there’s a reason they’re hiding it’ and that its release would ‘rock the political world.’

But in the memo released on Monday, the FBI and DOJ said they uncovered no such list.

Bongino, Bondi and Patel are all facing blowback over the Epstein files from a faction of their supporters, who say they reneged on repeated vows to open the curtain on details of Epstein’s case.

Epstein, a financier who was known to engage with wealthy, well-known figures, was indicted in 2019 over allegations he recruited dozens of women, including minors as young as 14, and had sexual relations with them or sexually abused them. His associate Ghislaine Maxwell was convicted of conspiring to sexually abuse minors and is serving a 20-year prison sentence. She has an appeal pending.

The DOJ and FBI said in their memo that much of the nonpublic information related to Epstein’s case is under court-ordered seals or contains child pornography and private information about victims.

Before joining the bureau, Patel and Bongino both advanced theories that the government was hiding information about the case, including a supposed ‘list’ of unindicted sexual predators.

The DOJ and FBI’s memo poured cold water on that idea by noting that the agencies found ‘no incriminating ‘client list.”

Deputy Attorney General Todd Blanche said in a statement on X that DOJ and FBI leadership, including Bongino, were in lockstep during the compilation and release of the memo. The idea that ‘there was any daylight’ between the FBI and DOJ was ‘patently false,’ Blanche said.

Bongino was not at work on Friday because he was so upset by the fallout from the Epstein memo, sources said. One said Bongino had not anticipated the backlash from his supporters.

Fox News’ David Spunt and Jake Gibson contributed to this report.

This post appeared first on FOX NEWS

While the 2024 assassination attempt against President Donald Trump in Butler, Pennsylvania, has resulted in a host of changes to bolster the Secret Service’s security practices, the agency has its work cut out for it in an era of unprecedented threats against the president, according to former Secret Service agents. 

Trump faces a plethora of threats, ranging from violent extremists backed by proxy groups, to domestic actors inspired to incite violence amid heightened political rhetoric, according to experts.

‘No U.S. president has been under so much threat of violence,’ Bill Gage, who served as a Secret Service special agent during Presidents George W. Bush and Barack Obama’s administrations, told Fox News Digital Wednesday. ‘The threat on President Trump is the greatest that any president has ever faced.’

Twenty-year-old gunman Thomas Matthew Crooks opened fire on Trump from a rooftop during the rally — with one of the eight bullets shot grazing Trump’s ear. In addition to injuring two people, the gunman also shot and killed Corey Comperatore, a 50-year-old firefighter, father and husband attending the rally. 

Months later, another man was apprehended and charged with attempting to assassinate Trump at his Trump International Golf Club in West Palm Beach, Florida. Both incidents are under investigation. 

Political rhetoric from the left that paints Trump as a threat to democracy is dangerous and could provide fodder for political radicals to believe assassinating the president is the way to save the country — potentially leading to a similar assassination attempt seen in Pennsylvania, Gage said.

Other factors contributing to the heightened threat levels include policies related to immigration or funding cuts from the newly created Department of Government Efficiency (DOGE) that are unpopular with the left, as well as hostile proxy groups who are backed by actors like Iran who oppose Trump, Gage said. 

‘That increases the threat level on Trump,’ Gage said. ‘There’s probably dozens and dozens of threats every day, just sort of insider threats, or threats within our own borders that the Secret Service has to run down.’ 

Specifically, Gage pointed to comments from leaders like Democratic California Gov. Gavin Newsom, who delivered an address to the nation in June where he claimed ‘democracy is under assault,’ following the Trump administration’s decision to dispatch thousands of National Guard troops and hundreds of Marines to respond to the immigration riots in the Golden State and place them under federal command, rather than state command. 

‘Right now there is someone out there reading Newsom’s quotes, someone who wishes President Trump harm,’ Gage said in an email in June to Fox News Digital. ‘It is up to the USSS to stop them. Hopefully those wishing the President harm will not slip through the cracks.’

A spokesperson for Newsom did not immediately respond to a request for comment from Fox News Digital. 

Trump isn’t the only subject that’s a potential target for politically motivated violence. 

Attacks against federal immigration officials are on the rise and a gunman opened fire against Border Patrol agents Monday at an annex in McAllen, Texas. Authorities have yet to identify a motive. 

However, lawmakers have not minced their words on Trump’s immigration agenda. In June, Rep. Pramila Jayapal, D-Wash., accused ICE of acting ‘like a terrorist force’ — comments she has since defended. 

Rep. Michael Guest, R-Miss., who oversees the House Homeland Security committee’s subcommittee on border security and enforcement, said in a Wednesday statement to Fox News Digital that ‘radical anti-law enforcement rhetoric’ has prompted the surge in violence against federal immigration officials.  

Meanwhile, threats continue to change, creating additional challenges for security forces like the Secret Service as they adapt. 

Although the Secret Service is taking action to enhance its security measures, the agency still faces ‘considerable vulnerabilities given the rising complexity and sophistication of the threats it faces,’ Tim Miller, who served as a Secret Service agent during Presidents George H.W. Bush and Bill Clinton’s administrations, said in an email Wednesday to Fox News Digital.

‘The FBI has consistently warned about homegrown violent extremists, which remains a major concern,’ Miller said. 

While Miller characterized Butler as a ‘wake-up’ call for the Secret Service and said the incident is sharpening the agency’s ability to handle threats, there is still a lot of work that must be done, he said. 

‘The Secret Service is also still playing catch-up when it comes to adopting critical technology — especially in the areas of secure communications, drone surveillance, and real-time intelligence tools,’ Miller said. ‘These are not luxuries; they are vital to modern protective operations.’

A bipartisan House task force that investigated the attack found that the attempted assassination was ‘preventable,’ and determined various mistakes were not an isolated incident. 

At the top of the list of mistakes, the report identified that the Secret Service did not secure a ‘high-risk area’ next to the rally, the American Glass Research (AGR) grounds and building complex. Failure to secure this area ‘eventually allowed Crooks to evade law enforcement, climb on and traverse the roof of the AGR complex, and open fire.’ 

Other faults the task force found included handing over advance planning roles to inexperienced Secret Service personnel, along with various technology and communication breakdowns. 

‘Moreover, relevant threat information known by members of the intelligence community was not escalated to key personnel working the rally,’ the House task force said in its report. 

As a result, the agency has spearheaded a series of reforms. 

According to former Secret Service acting director Ronald Rowe, immediate changes to the agency following Butler, Pennsylvania, included expanding the use of drones for surveillance purposes, and also incorporating greater counter-drone technology to mitigate kinetic attacks from other drones. 

The agency also overhauled its radio communications networks and interoperability of those networks with Secret Service personnel, and state and local law enforcement officers, Rowe told lawmakers on a bipartisan House task force investigating the assassination attempt in December 2024.  Updates to these radio communications are a significant change, according to Gage, who noted that he could carry up to five radios at a time because an integrated system didn’t exist.

Rowe also told lawmakers that the Secret Service was aiming to up its staffing in the next year, and had placed more special agents in Trump’s security detail. Some of the additional $231 million in funding that Congress approved for the Secret Service in a stopgap spending bill in September 2024 to hire 1,000 new agents and officers in 2025 would go toward these increased hiring plans, Rowe said. 

A few other changes are in the pipeline, including possibly building a precise replica of the White House. Historically, agents have trained using Tyler Perry’s White House replica at his Atlanta film studio. 

Secret Service director Sean Curran said in an interview on Fox News’ ‘My View with Lara Trump’ in April that the agency is working with the White House to install such a building at the James J. Rowley Training Center, a 500-acre center in Laurel, Maryland. 

‘In order for our officers and agents to train up properly, they have to see what it’s like to be at the White House,’ Curran said. ‘It’s an important complex to know. There’s a lot of ins and outs, and something as simple as the local fire department showing up to help with a fire, and they need to know where they are going.’ 

Altogether, Congressional oversight bodies issued nearly 50 recommendations to the Secret Service following the assassination attempt, including ones related to better radio communications and planning for events. The agency reported Thursday that it has executed 21 of those recommendations, and is in the process of implementing 16 others. 

‘The reforms made over this last year are just the beginning, and the agency will continue to assess its operations, review recommendations and make additional changes as needed,’ the Secret Service said in a news release Thursday.

This post appeared first on FOX NEWS

President Donald Trump on Saturday defended Attorney General Pam Bondi as doing a ‘fantastic job’ after she came under fire from some Trump supporters over the Department of Justice’s handling of the Jeffrey Epstein files. 

‘What’s going on with my ‘boys’ and, in some cases, ‘gals?’ They’re all going after Attorney General Pam Bondi, who is doing a fantastic job,’ Trump wrote in a lengthy post on Truth Social on Saturday. ‘We’re on one team, MAGA, and I don’t like what’s happening.’ 

He continued to question why people were ‘giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden administration.’  

‘LET PAM BONDI DO HER JOB — SHE’S GREAT! The 2020 Election was Rigged and Stolen, and they tried to do the same thing in 2024 — That’s what she is looking into as AG, and much more. One year ago our Country was DEAD, now it’s the ‘HOTTEST’ Country anywhere in the World. Let’s keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.’

This post appeared first on FOX NEWS

U.S. Attorney General Pam Bondi announced Saturday that charges against a doctor accused of destroying COVID-19 vaccines and giving children fake shots at their parents’ request have been dropped. 

‘At my direction @TheJusticeDept has dismissed charges against Dr. Kirk Moore,’ Bondi wrote on X. ‘Dr. Moore gave his patients a choice when the federal government refused to do so. He did not deserve the years in prison he was facing. It ends today.’ 

Moore, whose trial got underway Monday, was facing decades in prison for allegedly destroying more than $28,000 in COVID-19 vaccines and fraudulently completing and distributing hundreds of vaccination record cards. 

The Utah-based plastic surgeon was indicted by a federal grand jury in January 2023. 

Prosecutors say Moore and his three co-defendants ran a scheme out of Plastic Surgery Institute of Utah Inc. to ‘defraud the United States and the Centers for Disease Control and Prevention (CDC).’ 

On Tuesday, Rep. Marjorie Taylor Greene, R-Ga., said she was writing a letter to the Justice Department to urge it to drop charges against Moore. 

‘This man is a hero, not a criminal,’ she contended on X. ‘The charges were filed under Biden’s DOJ, not Trump.’

Health Secretary Robert F. Kennedy Jr. also praised Moore on X in April, writing, ‘Dr. Moore deserves a medal for his courage and his commitment to healing!’

Greene thanked Bondi on Saturday. 

‘Thank you AG Pam Bondi for dropping the WRONGFUL charges against Dr. Kirk Moore!’ she wrote on X. ‘We can never again allow our government to turn tyrannical under our watch. Thankfully, as soon as I told Pam Bondi about Dr. Moore’s case she swiftly moved to drop the charges against him. This is a big win!’

Bondi wrote that getting the charges against Moore dropped would not have been possible without Greene, ‘who brought this case to my attention. She has been a warrior for Dr. Moore and for ending the weaponization of government.’

Bondi’s actions come as some supporters of President Trump are calling for her resignation after the Justice Department and FBI on Sunday released a joint review that ended theories about an alleged Jeffrey Epstein client list, concluding there was no such list detailing the names of the world’s elite who allegedly took part in Epstein’s history as a sexual predator.

The DOJ also concluded the disgraced financier committed suicide in his New York City jail cell in 2019 while awaiting further sex trafficking charges. 

Public outrage ensued after the release of a prison surveillance video that the administration used to prove that no one entered Epstein’s cell in the hours leading up to his death.

The 10-hour video, though, has one minute missing, which has fueled conspiracy theories that the administration is participating in a cover-up involving Epstein’s death.

‘President Trump is proud of Attorney General Bondi’s efforts to execute his Make America Safe Again agenda, restore the integrity of the Department of Justice, and bring justice to victims of crime. The continued fixation on sowing division in President Trump’s Cabinet is baseless and unfounded in reality,’ White House press secretary Karoline Leavitt siad.

FBI Deputy Director Dan Bongino is also considering resigning over the Justice Department’s handling of the Epstein files after a heated argument with Bondi this week, a source told Fox News Digital this week.

Bongino has not been seen in his office since Wednesday, a source said, adding he has yet to make a final decision about his future. 

Fox News’ Amanda Macias, David Spunt and Jake Gibson contributed to this report. 

This post appeared first on FOX NEWS

FBI Director Kash Patel on Saturday squashed rumors of a rift inside the Trump administration’s law-and-order team, just hours before the president himself defended Attorney General Pam Bondi amid Jeffrey Epstein probe backlash.

The criticism came after the FBI and Department of Justice on Sunday released a memo shutting down theories about an alleged Epstein client list, finding a tell-all document exposing his associates did not exist. Fueling the fire was a one-minute gap in a surveillance video from Epstein’s cell, which was part of the evidence the DOJ released. The review found the disgraced financier died by suicide in jail in 2019.

Fox News reported Friday that Patel’s No. 2, Deputy Director Dan Bongino, was considering resigning if Bondi stayed on as head of the Department of Justice, which oversees the FBI. There were unconfirmed reports that Patel might step down as well, but he shot that down with a social media post Saturday, saying ‘conspiracy theories’ about a potential resignation over Bondi’s handling of the Jeffrey Epstein files ‘just aren’t true.’

‘The conspiracy theories just aren’t true, never have been,’ Patel wrote. ‘It’s an honor to serve the President of the United States @realDonaldTrump — and I’ll continue to do so for as long as he calls on me.’

Hours after Patel’s post, President Donald Trump took to Truth Social to express unhappiness with his follower’s reaction.

Trump supporters posted videos to social media Saturday afternoon charring MAGA hats in protest.

‘What’s going on with my ‘boys’ and, in some cases, ‘gals?’ They’re all going after Attorney General Pam Bondi, who is doing a FANTASTIC JOB,’ Trump wrote. ‘We’re on one Team, MAGA, and I don’t like what’s happening.’ 

He went on to describe Epstein as a ‘guy who never dies’ and shifted blame to former President Barack Obama, former Secretary of State Hillary Clinton, former FBI Director James Comey, former CIA director John Brennan, and the Biden administration.

‘They created the Epstein Files, just like they created the FAKE Hillary Clinton/Christopher Steele Dossier that they used on me, and now my so-called ‘friends’ are playing right into their hands,’ Trump wrote. ‘Why didn’t these Radical Left Lunatics release the Epstein Files? If there was ANYTHING in there that could have hurt the MAGA Movement, why didn’t they use it?’

The president claimed that one year ago, the country was ‘DEAD,’ but is now ‘the ‘HOTTEST’ Country anywhere in the World. 

‘Let’s keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about,’ Trump wrote.

Rumors about a change in leadership were triggered by Patel’s apparent X biography change, where his title as FBI Director was removed to only read, ‘Fmr Chief of Staff @DeptofDefense.’

Multiple sources told Fox News Digital Bongino and Bondi butted heads at a White House meeting Wednesday, with Bongino accusing Bondi of a ‘lack of transparency from the start’ in the Epstein files probe. 

The former Secret Service agent-turned FBI official allegedly raised his voice at Trump’s White House chief of staff before storming out, and has since been weighing resignation over the episode, insiders said. 

Bondi and Patel, however, have presented a united front. Sources close to Bondi claim she has ‘no intention of stepping down’ and the pair are in constant communication.

‘Any attempt to sow division within this team is baseless and distracts from the real progress being made,’ White House Deputy Press Secretary Harrison Fields told Fox News Digital, emphasizing that Trump’s law-and-order lineup is working ‘seamlessly and with unity.’

‘President Trump has assembled a highly qualified and experienced law and order team dedicated to protecting Americans, holding criminals accountable, and delivering justice to victims,’ Fields added. ‘This work is being carried out seamlessly and with unity. Any attempt to sow division within this team is baseless and distracts from the real progress being made in restoring public safety and pursuing justice for all.’

The FBI did not immediately respond to Fox News Digital’s request for comment.

Fox News’ David Spunt, Amanda Macias, Jake Gibson, Ashley Oliver and Brie Stimson contributed to this report.

This post appeared first on FOX NEWS

Up to this point, the S&P 500 ($SPX) has now stayed above the 6,200-mark for eight straight days. The upside follow-through has been limited, but the drawdown has also been shallow. The onus continues to be on the bears to do something with the stretched state. We discuss this in terms of the CappThesis Market Strength Indicator below.

What Is the Market Strength Indicator (MSI)?

When the market makes strong moves, like they have recently, I like to review our Market Strength Indicator (MSI).  This isn’t some secret, proprietary formula. It’s a simple blend of trend, oscillator indicators, and patterns, factors that we base our market stance upon.

And surprise, surprise, the MSI is as bullish as can be with the SPX at new highs and up 30% in three months.

  1. The S&P 500 is trading above each moving average, and each moving average is sloping higher.
  2. The 14-day Relative Strength Index (RSI) and Williams %R are both overbought. We use both of these since it takes a considerable up move to get the RSI to overbought territory. And while the Williams %R swings to extremes much more easily, it can only stay overbought if the market continues to tick higher with minimal drawdowns. Clearly, all of this has been happening.
  3. And, of course, two big pattern breakouts remain in play. Two weeks ago, the MSI was even more extreme when we had four patterns in play at the same time.

Here are each of those indicators together on one chart. (We don’t show the patterns here since it would be way too much to display all at once – and that would be an offensive chart crime.)

The clear next question:

Now what?

Market Strength Indicator Now vs. April 7, 2025

First, the obvious. The MSI was completely depressed on April 7 after two months of intense selling and extreme volatility.

Interestingly, though, after that last massive downside gap on April 7, the final bearish pattern target was hit. That set the stage for a bottoming process to potentially begin.

With the pendulum now having completely swung from historically oversold to now extended, does a very bullish MSI suggest the upswing is unsustainable?  

Bulls and bears agree on one thing these days: The pace of the last three months can’t continue, and at any time, a pullback greater than the 3.5% drop from mid-May is going to happen. It’s just a matter of when. 

Now let’s look at the recent times when the MSI got to extreme levels like now.

Market Strength Indicator Now vs. 2023–24

The results are crystal clear. “Extreme” MSI readings are the result of strong technicals, which occur in uptrends. And uptrends tend to last longer than many think is possible or probable.

From this perspective, only once did a correction begin right after a high MSI reading – in July’24. At the time, though, only one bullish pattern was in play (the one with the long-term 6,100 target that was triggered way back in Jan’24). 

Now, of course, we have two live bullish formations, and for the uptrend to persist without a major market disturbance, we’ll need to see the next bout of profit-taking morph into the next set of short-term bullish formations.

Live Patterns

Our two live patterns remain – targets of 6,555 and 6,745, which could be with us for a while going forward. For those to eventually be achieved, though, new, smaller versions will need to be constructed.

Live Patterns

Our two live patterns remain – targets of 6,555 and 6,745, which could be with us for a while going forward. For those to eventually be achieved, though, new, smaller versions will need to be constructed.

If you’re serious about trading or investing, establishing a weekly market routine is a must. But where do you begin?  

In this eye-opening video, Grayson Roze, Chief Strategist at StockCharts, shares the method he uses every week to stay aligned with the market’s biggest drivers — the top 25 stocks by market cap

Learn how to build a customized ChartList of these stocks, sort the stocks by market cap, and different ways to review them to spot long-term trends or reversals.

Whether you’re new to charting or a seasoned technician, this routine could transform how you view the market. 

This video originally premiered on July 11, 2025. Click on the above image to watch on our dedicated Grayson Roze page on StockCharts TV.

You can view previously recorded videos from Grayson at this link.

The S&P continues to push higher, with the equity benchmark almost reaching 6300 this week for the first time in history. With so many potential macro headwinds still surrounding us, how can the market continue to reflect so much optimism? On the other hand, when will bulls wake up and realize that this market is obviously overextended and rotate significantly lower?

With the S&P 500 once again achieving new all-time highs, and with Q2 earnings just around the corner, I thought it would be a perfect time to revisit an exercise in probabilistic analysis. Basically, I’ll lay out four different scenarios for the S&P 500 index between now and late August. Which path do you see as the most likely and why? Watch the video, check out the first scenarios, and then cast your vote!

By the way, we last ran this analytical process on the S&P 500 back in May, and check out which scenario actually played out!

And remember, the point of this exercise is threefold:

  1. Consider all four potential future paths for the index, think about what would cause each scenario to unfold in terms of the macro drivers, and review what signals/patterns/indicators would confirm the scenario.
  2. Decide which scenario you feel is most likely, and why you think that’s the case. Don’t forget to drop me a comment and let me know your vote!
  3. Think about how each of the four scenarios would impact your current portfolio. How would you manage risk in each case? How and when would you take action to adapt to this new reality?

Let’s start with the most optimistic scenario, with the S&P 500 index continuing the recent uptrend phase to retest all-time highs by June.

Option 1: The Super Bullish Scenario

The most bullish scenario would involve the S&P 500 continuing a similar trajectory that we’ve seen off the April low. Growth continues to dominate, tariffs remain essentially a non-issue, volatility remains lower, and the market moves onward and ever upward!

Dave’s Vote: 10%

Option 2: The Mildly Bullish Scenario

What if the uptrend continues, but at a much slower rate? The “mildly bullish scenario” would mean the S&P 500 probably tops out around 6300-6400 but doesn’t get any further. Perhaps a leadership rotation emerges, and technology stocks start to pull back as investors rotate to other sectors and themes. Lack of upside momentum from the largest growth names slows the uptrend in a big way.

Dave’s vote: 30%

Option 3: The Mildly Bearish Scenario

Maybe “the top” is already in, and even though July is traditionally a strong month, we see a corrective move into August that brings the S&P 500 down to the 200-day moving average. Bulls and bears would probably feel quite vindicated here, as bulls would see this as a healthy pullback, and bears would see this as a serious wake up call for investors.

Dave’s vote: 45%

Option 4: The Very Bearish Scenario

We always need a doomsday scenario, and here we’ll describe how the S&P 500 could go back down to retest the May price gap. If Q2 earnings season becomes all about companies reflecting on a significantly negative impact from potential tariffs, and investors begin to not just complain about overvalued stocks but actually start selling as a result, we could certainly see a downside move to retrace about 38.2% of the April to July uptrend phase.

Dave’s vote: 15%

What probabilities would you assign to each of these four scenarios? Check out the video below, and then drop a comment on which scenario you select and why!

RR#6,

Dave

PS- Ready to upgrade your investment process?  Check out my free behavioral investing course!

David Keller, CMT

Chief Market Strategist

StockCharts.com

Disclaimer: This blog is for educational purposes only and should not be construed as financial advice.  The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.  

The author does not have a position in mentioned securities at the time of publication.    Any opinions expressed herein are solely those of the author and do not in any way represent the views or opinions of any other person or entity.