Shawn Langlois
Shawn Langlois
Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.Source
Los Angeles, CA
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Donald Trump is hatching a plan to ‘wreck’ Fox News, insiders tell Axios

Donald Trump is hatching a plan to ‘wreck’ Fox News, insiders tell Axios

Where did the love go? While Donald Trump still enjoys plenty of support from the Fox News prime-time lineup of Sean Hannity, Laura Ingraham and Tucker Carlson, his cozy relationship with the network has gotten a bit frosty of late. Look no further than the president’s Twitterfeed:Vengeance is the planned Trump response, so says a Trump insider quoted by Axios:‘He plans to wreck Fox. No doubt about it.’indicates Trump, most recently enraged by , has said he plans to build a rival to steal Fox viewership. He may not be planning to take on Fox as a cable channel, however. Trump is reportedly...

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Shawn Langlois
Nov 12
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Donald Trump will win re-election, and a revolution is coming, billionaire investor predicts

Donald Trump will win re-election, and a revolution is coming, billionaire investor predicts

‘When I said that I think Trump is going to win in 2016, I also said that, if you think 2016 is weird, just wait for 2020. Well, if you think 2020 is weird, just wait until 2024. You ain’t seen nothing yet.’That’s “Bond King” billionaire and DoubleLine Capital boss Jeffrey Gundlach striking an ominous tone in comments he reportedly made this week at Schwab’s 2020 IMPACT conference, Gundlach was as saying that he expects widening economic inequality to bring about some sort of revolution by 2027, with the 2024 presidential election directly in the path of massive social, economic and...

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Shawn Langlois
Oct 28
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It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns

It’s been years since investors have been this fearful of a stock market crash, Nobel-winning economist warns

‘No one knows the future, but given the general lack of investor confidence amid a pandemic and political polarization, there is a chance that a negative, self-fulfilling prophecy will flourish. This highlights the importance of being well diversified in asset classes — including Treasury securities, which are safe — and not overexposed to U.S. equities now.’That’s Robert Shiller, a Nobel Prize-winning economist and Yale professor, urging a cautious approach to investing in the top-heavy stock market in .“The coronavirus crisis and the November election have driven fears of a major market...

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Shawn Langlois
Oct 26
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Mike Huckabee tweets about filling out dead relatives’ absentee ballots, and key Federal Election Commission member doesn’t find it funny

Mike Huckabee tweets about filling out dead relatives’ absentee ballots, and key Federal Election Commission member doesn’t find it funny

In 2017, the magazine Fast Company hailed former Arkansas Gov. Mike Huckabee as “,” spotlighting these kinds of “dad jokes” over the years as evidence:A tweet that he fired off over the weekend — assuming it’s one of his trademark knee-slappers — certainly won’t cost him that Fast Company crown:Joking about committing voter fraud just days ahead of one of the most contentious elections of all time? As with his countless tweet misfires in the past, the reaction from his followers ranged from cringe to anger across social media as the GIFs flew:Joining the backlash from a noteworthy perch was...

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Shawn Langlois
Oct 25
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President Trump asked a reporter for some advice on how to win tonight’s debate — and here’s what he got

President Trump asked a reporter for some advice on how to win tonight’s debate — and here’s what he got

‘Let Joe Biden talk. He’ll do the work for you.’That’s Jason Whitlock, a former Fox Sports and ESPN reporter, giving President Donald Trump some advice in an interview ahead of the final pre-election debate with Democratic rival Joe Biden later Thursday.Aside from that interaction, a jab at either the former vice president’s rhetorical or inspirational capacity even as he, Whitlock also touched on Trump’s appeal to the Black community. “I know I look incredibly young, but I actually have lived long enough to remember back when rappers loved … Donald Trump before he was president,” Whitlock...

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Shawn Langlois
Oct 22
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John Fogerty demands the president stop using his music: Donald Trump IS the ‘fortunate son’

John Fogerty demands the president stop using his music: Donald Trump IS the ‘fortunate son’

‘I wrote this song because, as a veteran, I was disgusted that some people were allowed to be excluded from serving our country because they had access to political and financial privilege. I also wrote about wealthy people not paying their fair share of taxes. Mr. Trump is a prime example of both of these issues.’ That’s rock legend John Fogerty – singer, songwriter and guitar player for Creedence Clearwater Revival – tweeting about his cease-and-desist order against President Donald Trump, who regularly plays the band’s classic anti-war anthem “Fortunate Son” at his rallies.“The fact that...

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Shawn Langlois
Oct 19
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$70,000 in hairstyling expenses? Ocasio-Cortez attacks ‘spineless’ Republicans over Trump’s taxes

$70,000 in hairstyling expenses? Ocasio-Cortez attacks ‘spineless’ Republicans over Trump’s taxes

Last year, New York Democrat Alexandria Ocasio-Cortez paid a couple of hundred bucks for a trip to the hair salon, and her critics, both across the internet and in the media, went absolutely bonkers. The Washington Times, for instance, ran the headline, “” as the haters took to Twitterto voice their shock over her huge spend.Fast forward to , which included a mention of a $70,000 deduction to style his hair while he filmed “The Apprentice,” and, well, here’s what AOC had to say about it: While AOC racked up the likes and retweets, she wasn’t the only politician wading into the fray Sunday...

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Shawn Langlois
Sep 28
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‘Vote him out!’ President Trump booed during visit to RBG’s casket

‘Vote him out!’ President Trump booed during visit to RBG’s casket

One of his adoring rallies this clearly was not. A masked President Donald Trump visited Ruth Bader Ginsburg’s casket at the Supreme Court on Thursday, where he was promptly met with boos and chants of “vote him out” and “honor her wish.”Here’s some of the footage:The “honor her wish” chant was in reference to Trump’s overlooking of the late justice’s reported dying wish to no be replaced before the election.As video of the jeers was passed around social media, the became the top-trending topic on Twitteras the president was hammered by his critics:–The historian who is known affectionately...

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Shawn Langlois
Sep 24
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Trump shares fake video of Biden playing NWA’s anti-police hit and Twitter labels it ‘manipulated’

Trump shares fake video of Biden playing NWA’s anti-police hit and Twitter labels it ‘manipulated’

Joe Biden steps up to the microphone, presses play and starts bobbing his head to the beat of NWA’s controversial rap hit “F— tha Police.”Obviously a fake.President Trump got such a kick out of it — or perhaps thought his base would actually believe it — that he shared it twice with his 86 million TwitterfollowersTwitter slapped a “manipulated” tag on the clip, but that didn’t stop Trump from repeatedly posting the video on Wednesday to the delight of many of his fans.Here’s the song Biden actually played at the event:Clearly, the edited clip was meant to mock Biden in the face of...

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Shawn Langlois
Sep 16
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‘First bonds, then stocks’ — Fund manager warns investors could get hit with two crashes by end of the year

‘First bonds, then stocks’ — Fund manager warns investors could get hit with two crashes by end of the year

On Feb. 27, Michael Gayed called for on the S&P 500. He followed that timely prediction in March with at the end of the month. He backed up that outlook in .Clearly, he’s had his finger on the pulse of this volatile market since the coronavirus began spreading in the United States — just look at the 34% rally in his ATAC Rotation Fundfor proof that his methods, in this climate at least, are paying off nicely.If he’s got it right again, the pain is far from over for investors.“Risk-off is about to return in two waves — first bonds, then stocks. Two crashes,” Gayed, who also publishes the...

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Shawn Langlois
May 12
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Stocks could be melting up like they did in the Roaring ’20s, strategist says — we all know what happened next

Stocks could be melting up like they did in the Roaring ’20s, strategist says — we all know what happened next

Mark Twain once said, “History doesn’t repeat itself, but it often rhymes.”Ed Yardeni, chief investment strategist at Yardeni Research, applied those words to what, for most observers, has to feel like a unique climate for playing the market these days.But that is not necessarily the case, according to Yardeni.“We live in interesting, though not unprecedented, times,” he . “The Roaring 1920s could be a precedent for the Roaring 2020s.”For instance, he compared the coronavirus pandemic to the 1918 Spanish Flu, which killed an estimated 50 million people and infected some 500 million around...

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Shawn Langlois
Aug 15
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Martha Stewart receives 14 proposals after sharing this ‘thirst trap’ selfie

Martha Stewart receives 14 proposals after sharing this ‘thirst trap’ selfie

Just days ahead of her 79th birthday, Martha Stewart’s still got it, apparently.Last week, the media megastar who spent five months behind bars posted this saucy Instagram pic because “I just thought I looked great coming out of the pool.”Her followers, of which she has almost 1 million, agreed.The top comment from Whitney Robinson, editor-in-chief of ELLE Deco, pretty much summed up the response. “Omg martha!!!!!! Va va voom!!!!” he wrote.Stewart would deny it if she could, but, alas, she cannot. In fact, in , she agreed that her post was “definitely a thirst trap.”What’s a “thirst trap?”...

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Shawn Langlois
Jul 30
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Bill Gates on Elon Musk’s controversial coronavirus comments: Stick with electric cars and rockets

Bill Gates on Elon Musk’s controversial coronavirus comments: Stick with electric cars and rockets

That’s Microsoft MSFT, 0.99% co-founder Bill Gates explaining to CNBC why Tesla TSLA, +2.01% boss Elon Musk should perhaps focus on his job and let the experts focus on theirs. Musk has courted controversy ever since the coronavirus first broke out across the U.S., having suggested deaths have been overcounted and lockdowns were unnecessary. He also called California’s approach to combatting coronavirus “fascist” and drew an F-bomb from a politician. Gates pointed out that facts travel slowly across social media compared with misinformation, which poses a challenge to Facebook FB, 1.08%...

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Shawn Langlois
Jul 28
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The ‘best’ Trump interview yet? Fox News host Chris Wallace cheered — and also blasted — for his grilling of the president

The ‘best’ Trump interview yet? Fox News host Chris Wallace cheered — and also blasted — for his grilling of the president

President Trump is no fan of Fox News host Chris Wallace, having called him a “wannabe” who is “” and “will never be his father,” the legendary Mike Wallace of CBS News.This latest interview isn’t helping.The two faced off on “Fox News Sunday” over the recent surge in coronavirus cases, mask wearing, tearing down statues and, of course, Joe Biden.Read:In one particularly odd moment, they tangled over the president’s cognitive test. Trump recently boasted that he “aced” such a test. “They said, ‘That’s an unbelievable thing. Rarely does anybody do what you just did,’ ” Trump told Fox News...

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Shawn Langlois
Jul 19
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Wall Street bankers: We’ll gladly pay higher taxes to get rid of ‘the existential threat’ that is Trump

Wall Street bankers: We’ll gladly pay higher taxes to get rid of ‘the existential threat’ that is Trump

‘Wall Street’s not this amorphous, unified blob, but the majority of people I talk to on Wall Street think it’s worth taking the hit to get Trump out of office. They view him as an existential threat.’That’s one Wall Street banker how, from his perspective, his peers are gladly preparing to navigate markets under a Joe Biden presidency.“They’re saying, ‘We’d like to see Biden crush Trump,’” he continued, adding that he doesn’t want Democrats to take control of the Senate. In his world, legislative gridlock is a good thing and voting for Republicans to keep the Senate is basically “making...

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Shawn Langlois
Jul 15
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Investors face ‘a scary, out-of-whack’ scenario — just look at this chart

Investors face ‘a scary, out-of-whack’ scenario — just look at this chart

If it weren’t for the “Giant 5,” your money would have been better off sitting in cash than the stock market over the past few years, .Yes, investment gains since early 2017 have been completely dominated by Apple, Microsoft, Amazon, Alphabetand Facebookto the point where the broader market, despite some wild fluctuations, has delivered virtually nothing without the upward push of those stocks.For some perspective on how this has played out, here’s what the Wilshire 5000, a market-capitalization-weighted gauge of all U.S. stocks, has done since January 2017, minus the Giant 5:That’s...

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Shawn Langlois
Jul 13
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President Trump warns that your 401(k) could ‘disintegrate and disappear’ if he loses the 2020 election

President Trump warns that your 401(k) could ‘disintegrate and disappear’ if he loses the 2020 election

How is your 401(k) doing?With tech stocks leading the advance, the Nasdaq Compositejust broke into uncharted territory. Teslatook out a fresh high. So did NetflixAnd Amazonreached $3,000 for the first time ever.Whatever the current status of your retirement account — — President Trump, in a tweet on Monday, warned that any gains you might be enjoying could “disintegrate and disappear” in a hurry if he doesn’t win another four years in the White House:Is that true? Should investors be scared into voting for Trump?Not according to strategists at JPMorgan Chase & Co.who say that a win for...

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Shawn Langlois
Jul 6
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Ocasio-Cortez thanks ‘TikTok teens’ who ‘tricked’ Trump campaign

Ocasio-Cortez thanks ‘TikTok teens’ who ‘tricked’ Trump campaign

Kids these days.Donald Trump’s big campaign rally in Tulsa wasn’t quite as big as promised, with the man leading the president’s re-election efforts explaining away the no-shows.“Radical protestors, fueled by a week of apocalyptic media coverage, interfered with @realDonaldTrump supporters at the rally,” Brad Parscale explained. “They even blocked access to the metal detectors, preventing people from entering.”Trump, for his part, took to the stage and backed that assessment, saying the media’s urging of his supporters not to attend on top of the protesters outside kept the crowds away.“We...

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Shawn Langlois
Jun 21
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‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns

‘La la land?’ The stock market is ‘insanely disconnected’ and due for a ‘reckoning,’ Warren Buffett buff warns

Those betting against this “absurdly overvalued” stock market are about to get paid, if Kevin Smith, Crescat Capital’s chief investment officer, has it right in his gloomy assessment.“Speculation is rampant and being championed by a bold new breed of millennial day traders,” he said. “The mania is based on a widespread hope in Fed money printing. The catalysts for reckoning are numerous as a major cyclical economic downturn has only just begun.”Smith, who recently talked about from a stack of Berkshire Hathawayshareholders letters his dad gave him long ago, said, in a very un–Warren Buffett...

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Shawn Langlois
Jun 18
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Lindsey Graham praises Joe Biden in what might be ‘the best campaign ad ever,’ according to Harvard prof

Lindsey Graham praises Joe Biden in what might be ‘the best campaign ad ever,’ according to Harvard prof

According to the 2015 version of Sen. Lindsey Graham, Donald Trump is “a race baiting, xenophobic religious bigot,” while Joe Biden is “as good a man as God ever created.”Obviously, Graham’s public-facing stance has shifted dramatically over the years, but those words were given new life in what Harvard economics professor Greg Mankiw as “perhaps the greatest campaign ad ever.”Here’s the ad, which has been viewed almost a million times over the weekend:The ad was launched by the coalition Republican Voters Against Trump and started with footage of Graham . It then showed Graham praising...

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Shawn Langlois
Jun 14
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Wait... so, asymptomatic spread of the coronavirus is actually ‘very rare’?

Wait... so, asymptomatic spread of the coronavirus is actually ‘very rare’?

No fever, no problem?‘From the data we have, it still seems to be rare that an asymptomatic person actually transmits onward to a secondary individual. It’s very rare.’That’s Dr. Maria Van Kerkhove, head of WHO’s emerging diseases and zoonosis unit, seemingly contradicting what many have been led to believe about the transmission of the coronavirus.In other words, while it still happens in some cases, patients without symptoms aren’t generally the ones driving the spread. This flies in the face of previous research warning the disease could be difficult to contain because of asymptomatic...

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Shawn Langlois
Jun 9
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Trump ‘doesn’t have a racist bone in his body!’ — Rudy Giuliani defends the president in ‘barking mad’ interview

Trump ‘doesn’t have a racist bone in his body!’ — Rudy Giuliani defends the president in ‘barking mad’ interview

He should have stayed in bed.Donald Trump lawyer Rudy Giuliani, in the middle of the night, state-side, agreed to go on ITV’s Good Morning Britain for what turned out to be quite the spectacle.Maybe we all should have stayed in bed.The descent into madness began when Piers Morgan, who says he’s known the president for 13 years, brought up .Morgan said it was Trump’s job to ease tensions and not throw “fuel on the fire” by using an incendiary quote from Miami police chief Walter Headley decades ago.Giuliani, a tireless defender for his boss, said Trump “doesn’t have a racist bone in his...

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Shawn Langlois
Jun 4
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Fox News analyst: A George W. Bush endorsement of Joe Biden could ‘change some votes’

Fox News analyst: A George W. Bush endorsement of Joe Biden could ‘change some votes’

‘Imagine if former President Bush, as Trump’s most recent Republican predecessor, backed a Democrat. Bush’s voice has the singular power to reach moderate Republicans and Republican-leaning independent voters, freeing them to walk away from the Party of Trump. ’That’s Fox News analyst Juan Williams musing in about what an endorsement from George W. Bush could mean for Joe Biden’s chances in the 2020 election. “If he announces he is voting for Biden, it will change some votes,” Williams said, pointing to the possibility amid a simmering feud between the former and current president. Williams...

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Shawn Langlois
Jun 2
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President Trump explains why he really went into that bunker

President Trump explains why he really went into that bunker

President Trump, first lady Melania and their son, Barron, were taken into an underground bunker on Friday night amid mounting protests outside the White House, with one source that such measures are taken when conditions are “elevated to RED.”Trump took plenty of heat on social media — #bunkerboy was trending and the memes were flying — when the initial report broke, and the New York Times stirred it up by , “As protests and violence spill over, Trump shrinks back.”In an interview on Wednesday, Trump said it’s just more fake news:‘It was a false report... I went down during the day and I...

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Shawn Langlois
Jun 3
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Fox News analyst: George W. Bush’s endorsement of Joe Biden ‘could change some votes’

Fox News analyst: George W. Bush’s endorsement of Joe Biden ‘could change some votes’

‘Imagine if former President Bush, as Trump’s most recent Republican predecessor, backed a Democrat. Bush’s voice has the singular power to reach moderate Republicans and Republican-leaning independent voters, freeing them to walk away from the Party of Trump.’That’s Fox News analyst Juan Williams musing in about what an endorsement from George W. Bush could mean for Joe Biden’s chances in the 2020 election.“If he announces he is voting for Biden, it will change some votes,” Williams said, pointing to the possibility amid a simmering feud between the former and current president.Williams...

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Shawn Langlois
Jun 1
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