Lake Mead, Hoover Dam face historically low water levels amid drought

Lake Mead water level reaches record low, affecting residents, businesses and tourists

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Lake Mead, Hoover Dam face historically low water level

Part of the Colorado River, Lake Mead and the Hoover Dam supply millions of people with water and electricity. Low water levels are affecting locals, businesses and tourists.

BOULDER CITY, NEVADA – Lake Mead, one of the National Park Service ’s most visited vacation spots, rests in the shadow of the Hoover Dam .

But there’s a problem: The lake is getting real low.

As of June, Lake Mead’s depth is the lowest it’s been since 1937.

People who live in the area are not the only ones affected; businesses and tourists are as well.

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Krystal Stockwell and her family have owned Las Vegas Boat Harbor and Lake Mead Marina since 1957.

The lowering lake level has been causing headaches.

"Both our marinas float, so our maintenance guys are busy keeping up with the lowering waters," Stockwell said. "We have to move the anchors out so that we can move the marinas out so we’re not stuck in the mud."

Lake Mead Marina is a family-owned business. The lake's water levels affect daily operations. (Ashley Soriano/Fox News)

Lake Mead's highest potential water level is 1,229 feet – almost deep enough to submerge the Empire State Building .

In 1998, the lake was about 1,216 feet deep. That's compared to today's depth of nearly 1,069 feet.

"We’d like to see it entirely full. The last time the reservoir was entirely full was in the late 1990s, around 1998," said Doug Hendrix, the public affairs specialist for the Lower Colorado Basin for the U.S. Bureau of Reclamation.

The Hoover Dam is one of the National Park Service's most popular tourist attractions. The federal government is expected to declare a water shortage. (Ashley Soriano/Fox News)

Boaters and families at the lake are already feeling the impact, as the National Park Service has closed some boat launch ramps.

"This is a different landscape every time they come out now because the lake has not been this low ever in their lifetime," said Chelsea Kennedy, the acting public affairs officer for Lake Mead National Area, which is part of the National Park Service.

Experts blame dry weather patterns , little rainfall and less snowfall.

The U.S. Bureau of Reclamation, which oversees water management, is thinking about plans to conserve and store water.

"The Colorado River is the lifeblood for about 40 million people in the southwest including northern Mexico," Hendrix said. "Under full reservoir operations, we can generate enough power annually for about 600,000 households. Now we’re down to be able to generate power for about 450,000 households."

The federal government will likely declare a water shortage around mid-August.

That means less water available to parts of Arizona , Nevada , California and even northern Mexico.

As for Las Vegas Boat Harbor, the owner says business is good because people are eager to get back to their annual summer trips.

Meanwhile, the National Park Service says they are seeing a higher number of visitors despite the low water levels – more than 8 million people last year.

August 01, 2021 at 08:16AM
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Harvard lecturer takes heat for defending existence of biological sex on 'Fox & Friends'

Harvard lecturer Carole Hooven took heat from her own colleague after an appearance on Fox News this week in which she asserted that biological sex is real and defended the continued use of terms like "pregnant women" and "male and female."

"The ideology seems to be that biology really isn’t as important as how somebody feels about themselves, or feels their sex to be," Hooven told "Fox & Friends" Wednesday. "The facts are that there are in fact two sexes — there are male and female — and those sexes are designated by the kind of gametes we produce."

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Hooven, the author of a book about testosterone, teaches Human Evolutionary Biology at the school and appeared in a segment dedicated to discussing how medical schools had gone woke.

The whole thing didn’t sit well with Laura Simone Lewis, the Director of the Diversity and Inclusion Task Force at Harvard’s Department of Human Evolutionary Biology.

Lewis, who identifies on Twitter as a "Blewish feminist mermaid," called Hooven’s defense of science "dangerous."

"I am appalled and frustrated by the transphobic and harmful remarks made by a member of my dept in this interview with Fox and Friends," she wrote.

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"I respect Carole as a colleague & scientist," Lewis added, "But this dangerous language perpetuates a system of discrimination against non-cis people within the med system. It directly opposes our Task Force work that aims to create a safe space for scholars of ALL gender identities and sexes."

Click here to read more of the New York Post

August 01, 2021 at 07:10AM
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Shaun King lives lavishly in lakefront New Jersey home

King purchased the 3,000 square-foot home with his wife in November 2020

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Shaun King has built his image on being a champion of the poor and disenfranchised, but the controversial civil rights activist lives like a one-percenter in a sprawling lakefront home, records show.

King, 41, moved earlier this year from a luxury two-bedroom apartment in downtown Brooklyn , to the five-bedroom, 3,000 square-foot North Brunswick, New Jersey , property, with "a lakefront backyard" and gourmet kitchen, according to public records.

The property, surrounded by lush, tall trees , was purchased by King’s wife, Rai-Tonicia King, a Ph.D. candidate and educator, in November 2020 for $842,000, public records show.

King has been dogged for years by allegations of shady dealings in his charitable efforts in movements he has founded. Haitian orphans to the families of black men killed by police have repeatedly raised questions about King’s leadership, and, in some cases, asked where the donations have gone.

Samaria Rice (C), the mother of Tamir Rice, the 12-year old boy who was fatally shot by police last month while carrying what turned out to be a replica toy gun, speaks surrounded by Benjamin Crump (L), Leonard Warner (2nd R) and Walter Madison (R) during a news conference at the Olivet Baptist Church in Cleveland, Ohio December 8, 2014. The mother of a 12-year-old Cleveland boy fatally shot by police last month broke her silence on Monday, saying the officers involved should be criminally convicted.  REUTERS/Aaron Josefczyk  (UNITED STATES - Tags: CRIME LAW CIVIL UNREST)

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Samaria Rice — whose 12-year-old son Tamir was shot dead by cops in Cleveland in November 2014 — blasted King on social media, accusing him of soliciting funds in her dead son’s name without her permission and even about his own identity as black or biracial.

"Personally I don’t understand how you sleep at night," she wrote in an Instagram post addressed to King last month, after the activist revealed details of a personal conversation he had with Rice. "I never gave you permission to raise nothing.. Along with the united states, you robbed me for the death of my son."

"You are a selfish self-centered person and God will deal with you…," continued Rice, who heads up a foundation named for her son.

King co-founded the Real Justice political action committee in 2017 with former Black Lives Matter leader Patrisse Cullors, who resigned from BLM a month after The Post revealed she had spent more than $3 million on real estate in the U.S.

The federal PAC helps to elect progressive district attorneys across the country to "fight to end structural racism," according to the group’s website, taking in more than $3.2 million from 2019 to 2020.

Of those funds, Real Justice doled out $460,000 in "consulting" fees to three companies: Social Practice LLC, Bernal Alto LLC and Middle Seat Consulting LLC, which are controlled by some members of the political action committee, including treasurer Rebecca Bond, according to a report.

Patrisse Khan-Cullors' new home, which features three bedrooms and three bathrooms, is nestled in Topanga Canyon and has a separate guesthouse on the property. (Getty Images, Google Maps)

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Other PAC payments included $46,330 to Janaya and Patrisse Consulting, a company run by Cullors and her wife Janaya Khan. Those payments were made between 2017 and 2020, according to the Federal Election Commission.

A former journalist and father of five who worked on Bernie Sanders’ presidential campaign, King began his activist career after the August 2014 shooting of Michael Brown, 18, who was killed by a white police officer in Ferguson, Missouri. , just a few months before Rice was shot while playing with a toy gun.

Following the two shootings, King launched the Justice Together coalition to help raise awareness of police brutality and support Black Lives Matter in 2015.

He quickly abandoned the group, former members said in an open letter published in "Medium," citing King’s "lack of accountability."

"He silenced dissent without productive discussion, he removed volunteers for speaking up due to his self-proclaimed paranoia, he repeatedly failed to meet his own timelines for his participation in the work, and he failed to delegate or discuss internally anything of consequence with the organization," wrote the former members.

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One woman, who had donated $50 a month to another entity King founded, claims his "Justice, That’s All" group continued to charge donors monthly even after it disbanded in summer 2015.

"I just wanted to know how he was using the funds that had been auto donated," tweeted the donor, Javachik, in 2018. When she asked King directly on Twitter, he blocked her. "And then for the next month, my mentions were filled up with people calling me racist, a b—ch, etc."

Emails and calls to King, his wife and media representatives were not returned.

Click here to read more on the New York Post.

August 01, 2021 at 06:52AM
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Weekend data - China PMI Manufacturing 50.4 (expected 50.8, prior 50.9) Non-manufacturing 53.3 (exp 53.3, prior 53.5)

China's National Bureau of Statistics released the data on Saturday, the result for manufacturing is its lowest since February 2020 but still in expansion. 

Manufacturing PMI 50.3 in July 2021

• expected 50.8
• previous 50.9
• lowest since February 2020 (which was the huge slump to 35.7 due to the pandemic outbreak in China and initial shutdowns)
• the sub-index for new export orders fell in May, June and now in July to 47.7
• the new order sub-index 50.9 (from prior 51.5)
• those slowdowns in the new export orders and new order sub-index are indicative of slowing demand both offshore and onshore - which are both of concern. Chinese authorities have already indicated faster stimulus efforts in the months ahead, which should impact positively on the domestic order front.
• On the costs side of the ledger, raw material costs rose to 62.9 (previous 61.2). Again, Chinese authorities have been on the case, taking action to slow commodity prices onshore (steel exports limited, for example, I had the headlines on this over the previous week). 

Non-manufacturing 53.3 in July 

• expected 53.3
• previous 53.5
• A little lower on the month but well in expansion, the sub-index for activity expectations rose to 60.1, its been above 60 for 6 months in a row, indicating service business optimism. 
• Adverse weather weighed on construction activity (a still-solid 57.5 from 60.1 in June). 

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August 01, 2021 at 06:38AM
Eamonn Sheridan
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How to reduce the risk of a shark attack

Incidents have been reported up and down the East Coast

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Shark expert on new sightings prompting beach closures in New York

Senior fisheries biologist Greg Skomal says when sharks feed 'very close' to shore at northern beaches, the potential of interaction between humans and sharks increases

All it took for American theater audiences to be terrified of shark attacks was a score of two ominous notes.

And yet, while John Williams' 1975 "Jaws" theme marked one for the history books, shark scientists outside of Hollywood have blamed the movie for unfairly stigmatizing and sensationalizing shark behavior.

SHARK ADVOCATES CALL FOR REBRANDING VIOLENT ATTACKS AS 'INTERACTIONS'

Researchers have recently pushed for a rebranding ; the term "shark attack" would be swapped with "negative encounter," "incident," or "bites," according to The Sydney Morning Herald .

Bites, they say, are largely extraordinarily rare, with data from the National Safety Council. U.S. Centers for Disease Control and Prevention and the Florida Museum of Natural History’s International Shark Attack File showing the likelihood of death risk over one's lifetime from a shark attack at 1 in 3,748,067 .

Globally, there were around 129 alleged shark-human interactions in 2020, according to the ISAF .

57 of those interactions were "unprovoked bites" – 33 of which occurred in the U.S. and 16 of which were in Florida . 33 was 19.5%  lower than the 41 incidents that occurred in the U.S. in 2019.

The yearly average of unprovoked bites is around 80 incidents.

Most of the bites were related to surfing, swimming and wading and the global total of bites was significantly lower than the 2015-2019 average last year, though the ISAF noted many could not maintain their typical level of involvement in the investigation due to the COVID-19 pandemic .

There were 13 shark-related fatalities, 10 of which were confirmed to be classified as unprovoked – a total higher than the annual global average of four.

ISAF said that despite the spike in fatalities, long-term trends show a decreasing number of fatalities and pointed out that variability in oceanographic, socioeconomic and meteorological conditions significantly influence these statistics.

Short-term trends, the organization said, still show both fatal and non-fatal bites to be decreasing.

But, the question remains: how can these "incidents" be decreased?

Sharks have been spotted up and down eastern shores in the last couple of weeks, potentially nipping a New York lifeguard and a tenured Georgia surf instructor .

There are three kinds of unprovoked shark attacks including "hit and runs," "bump and bite" and "sneak" attacks.

Most of these attacks occur close to the shore and swimmers are mistaken for food or flashy jewelry is mistaken for shiny fish.

Alternatively, some attacks are the result of feeding or antagonistic behaviors, though a lot is still unknown about motives for attacks.

To stay safe and minimize risk, swimmers can follow several useful guidelines and instructions .

People entering ocean waters should make sure to swim with a friend during sunlight hours, remain close to shore, avoid schools of fish and water containing sewage , leave jewelry at home and make a conscious effort not to splash around and not allow pets in the water.

Sharks are able to identify contrasting colors and swimmers are advised to avoid bright-colored apparel.

Sharks can also smell particularly well – finding their prey from hundreds of yards away – and blood from an open wound or menstruation could be detected by a shark, though the majority of shark attacks happen to men.

Other tips may seem self-explanatory, including following signage and the instructions of lifeguards, not entering the water if sharks are known to be present.

If it's too late and a shark attacks, the Florida Museum of Natural History recommends a "proactive response," including hitting a shark on the nose, clawing at its eyes and gill openings and acting decisively and aggressively.

According to the ISAF, the general rule is to "Do whatever it takes to get away!"

Julia Musto is a reporter for Fox News Digital. You can find her on Twitter at @JuliaElenaMusto.

August 01, 2021 at 05:55AM
Julia Musto
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California WWII vet receives bronze medal 75 years after it was awarded

A California World War II Army veteran has finally received the Bronze Star Medal 75 years after earning it, according to the California National Guard.

Ubaldo "Joseph" Ciniero, 95, was first stationed in France, where he fought in combat in January of 1945. His division was later stationed in the Netherlands, where Ciniero crossed the Rhine River and advanced to the Harz Mountains, the California National Guard's magazine, Grizzly, reported.

"I am here today to right a wrong," U.S. Army Brig. Gen. Michael Leeney, deputy commander of the 40th Infantry Division in Los Alamitos, said as he presented Ciniero with the honor on Tuesday, according to the Guard. "This is a presentation of the Bronze Star Medal, which is one of the highest awards the Army has for valor in combat."

"Heroism knows no age: WWII veteran presented Bronze Star Medal 75 years later," by SSG Kimberly Hill, identified by DVIDS,

The star is awarded to U.S. military service members who served after Dec. 6, 1941, and completed a "heroic or meritorious achievement or service" while engaged in military operations, the Army's website states. 

‘CAPTURED BY GRACE’: HOW LOUIS ZAMPERINI SURVIVED THE UNTHINKABLE BY THE GRACE OF GOD

The ceremony was held at Ciniero's home in Rancho Palos Verdes, California.

"You know what’s odd, in my whole life, he’s just my dad. And today I realized my dad’s a hero," Joel Ciniero, the veteran's son, told the National Guard's magazine. "It was like, wow! I got to tell you, I get a little bit emotional about it."

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Joel said his father never spoke about the war "because I think combat was difficult for him," he said.

"Even when we are out and he’s wearing his WWII veteran hat, and people say thank you for your service," Joel said. "The issue for him is he’s grateful, but he really thinks the thanks goes to all his friends that didn’t come back from the war.

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Ciniero's division was recognized by the U.S. Army’s Center of Military History and the U.S. Holocaust Memorial Museum in 1995 for helping to liberate a concentration camp called the Halberstadt-Zwieberge, according to the Guard.

August 01, 2021 at 05:51AM
Audrey Conklin
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How to travel safely and avoid injury during wildfire season

Preparedness is the key to survival when lives hang in the balance

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As wildfires continue to ravage the western U.S. , smoke and drought conditions have complicated the lives of Americans far beyond the reach of the flames.

According to the National Interagency Fire Center, 83 large fires have combined to char 1,741,281 acres across 13 states so far this season, with new blazes reported in Idaho, Washington state and Wyoming,

WILDFIRE SMOKE TRIGGERS AIR QUALITY ALERTS IN EASTERN US AS MONSOON SEASON POSES RISK TO WEST

The agency said Friday that 22,000 firefighters and support personnel are working to combat the fires as excessive heat continues this weekend over the interior Pacific Northwest, central U.S. and parts of the South.

A sign damaged by the Bootleg Fire lies on the ground on Thursday, July 22, 2021, near Paisley, Ore. (AP Photo/Nathan Howard)

As temperatures rise and winds whip, smoke from the fires has choked communities across the nation, forcing the National Weather Service to issue a ir quality advisories along the East Coast and turning the sun a blood orange.

The Centers for Disease Control and Prevention recommend taking several steps to prepare for an approaching wildfire – and safely get out of harm's way.

The agency urges people to learn and follow local evacuation plans, including finding escape routes and shelters, and having a similar plan for pets.

Emergency supplies like respirators and other necessary medical equipment should be on hand.

Debris or vegetation that could catch fire should be removed from around properties. Smoke should be kept out of buildings by shutting windows and using a portable air cleaner.

People in active fire zones should also monitor guidance from emergency response and local authorities, in addition to guidance from the National Oceanic and Atmospheric Administration (NOAA), the Emergency Alert System (EAS) and AirNow's map of fires throughout North America.

If a fire has already started , people are advised to protect themselves from smoke exposure – which can exacerbate underlying medical conditions – and prepare to safely evacuate the area.

Regardless of whether or not people in affected areas are told to evacuate, travelers should proceed with caution and stay informed, keeping current on the status of wildfires nearby.

Two cars that were destroyed by the Bootleg Fire sit near damaged property Thursday, July 22, 2021, near Bly, Ore. (AP Photo/Nathan Howard)

In such an emergency, packing properly becomes an essential skill. The CDC's Family Emergency Checklist notes the importance of carrying money and necessary documents, medications and other health-related items, along with food, water and proper clothing.

A navigational system or other way to navigate is also critical to survival. Visibility on escape routes may be sharply reduced and the power may be out.

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Experts say people in high-risk areas should have a "Go Bag" at the ready to make it easier to quickly and safely evacuate.

Time lost scrambling for passports and pills could make all the difference.

Julia Musto is a reporter for Fox News Digital. You can find her on Twitter at @JuliaElenaMusto.

August 01, 2021 at 05:15AM
Julia Musto
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Trooper escorts woman in labor to hospital after pulling her over for speeding

A Kentucky state trooper escorted a woman in labor to the hospital after he pulled her over for speeding. 

"I went from, you know, thinking that I was in a vehicle pursuit to how am I going to get the lady that’s in labor to the hospital as fast as I can,"  Trooper Jason Adkison, of the Kentucky State Police, told WBKO.

The situation unfolded on an interstate in Elizabethtown, as Adkison headed back to Bowling Green from training in Frankfort. 

"I couldn’t believe that this person just passed me at that speed approaching from the rear," Adkison recounted. 

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"I was kind of mentally, you know, preparing myself for that, to go into pursuit mode, and turn on my siren. She’s still not stopping initially. And eventually, she pulls over after a couple of miles," he said.

When he approached the vehicle, he realized the driver, Jacqueline Cornish, was pregnant and she explained she was in labor.  

The seven-year trooper offered to call an ambulance to quickly get her to the hospital. 

"And I was like, please don’t do that. I don’t have time to wait," said Cornish.

He then turned on his lights and siren and escorted Cornish as she drove behind him. 

"He led the way we were going through red lights and everything trying to get to the hospital," said Cornish.

Cornish delivered her baby girl, Alisha, on Thursday and Adkison visited with the baby and mother the following day. 

"I was just excited to get to meet her the following day," said Adkison. "I was really honored to be able to hold Alisha. I don’t think that I’ve ever held a baby that that’s that new to the world."

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"I was thinking about the Trooper’s Creed, we subdue people in times of trouble. But we also help people in their time of need. And that’s something that’s ingrained in all of us," Adkison added of the event.

August 01, 2021 at 04:29AM
Emma Colton
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Dad restrained as he confronts suspect in fatal shooting daughter in movie theater: 'Look at me!'

The father of an 18-year-old woman who was killed in a movie theater shooting in California confronted the accused shooter during a court appearance. 

"Look at me. Look at me!" yelled Dave Goodrich at 20-year-old Joseph Jimenez at the Riverside Hall of Justice on Friday.  

"That was my daughter," he continued, as he began tearing up. Several people had to hold the grieving father back at one point during the confrontation, Fox 11 reported. 

CALIFORNIA MOVIE THEATER SHOOTING DURING 'FOREVER PURGE' LEAVES 1 DEAD, 1 WOUNDED, POLICE SAY

Jimenez was arrested on suspicion of murder, attempted murder and robbery on Tuesday after the fatal shooting during a screening of "The Forever Purge" at The Crossings Mall Monday evening in Corona. 

Rylee Goodrich was in the theater on a first date with social media influencer 19-year-old Anthony Barajas. She died on the scene, while Barajas was taken to a hospital and is on life support. 

The couple was found by theater workers cleaning up after the 9:35 p.m. showing of the horror movie.

"She's my baby, my first born," said Danielle Goodrich, Rylee Goodrich’s mother. "And, she got ripped away doing something so innocent, and it breaks my heart.

"Poor Anthony. They were just starting their relationship. He's a beautiful boy, and my heart goes out to his family," she added. 

Jimenez was charged with murder and attempted murder on Friday and is eligible for the death penalty if convicted. His arraignment was delayed until Aug. 5.

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Police said there was a robbery during the shooting, but added they do not believe it was the motive for the attack.

August 01, 2021 at 03:15AM
Emma Colton
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10-year-old girl killed after rock crashes through windshield

A 10-year-old Idaho girl was killed when a rock crashed through the windshield of her father’s truck and hit in her in the head, according to local reports.

Kambrie Horsley was riding in Brad Horsley’s vehicle in Malad on Monday when a semi driving in the same direction kicked up a 4-inch rock from the roadway, flinging it their way, The Idaho State Journal reported.

Horsley rushed his daughter to a local hospital, the report said. She was then airlifted to a hospital in Salt Lake City, where she died.

‘DOOMSDAY’ CULT-MOM LORI VALLOW'S ICLOUD ACCOUNT REVEALS CHILING NEW REVELATIONS

"Words cannot describe the shock and sadness that we all feel," Kambrie’s family wrote in her heartbreaking obituary. "We will miss her terribly, but we find peace knowing she is with her Father in Heaven and those family members beyond the veil."

"Her happy countenance shown about her always and she gave everyone the best hugs!" the obituary went on. "Kambrie sped through her short life with such drive and intensity modeling love and inclusion in all she did."

"Kam Kam" had five siblings and was remembered as "full of life and love and always up for an adventure."

"She was her daddy’s girl and loved to ride anywhere with him and the boys especially up to the land riding horses," the obituary stated.

"She was her momma’s big helper in the kitchen and with the little girls. She brought such joy to us all and there is a hole in our family until we get her back. She was simply the perfect little girl."

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The driver of the semi was reportedly not aware of the tragic accident until he was tracked down by Oneida County’s sheriff’s deputies.

There was no wrongdoing involved, the sheriff’s office told the Journal.

Kambrie’s funeral is set for Saturday.

Click here to read more on the New York Post.

August 01, 2021 at 03:11AM
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Chicago shooting leaves 4 injured, weekend total already at 16

Chicago suffered a violent start to another weekend with sixteen people shot by Saturday morning, with at least four people in serious or critical condition. 

The latest shooting occurred in Jackson Park, where someone opened fire on a large group at about 1:20 a.m., injuring four people. At least one victim, a male whose age is unknown, was seriously injured. 

All four victims were transported to the University of Chicago Medical Center for treatment, ABC 7 Chicago reported. No one is in custody, and the investigation is ongoing. 

CHICAGO BOY, 14, SHOT TWICE IN THE HEAD WHILE SITTING IN PARKED CAR, POLICE SAY

Another shooting resulted in three critically injured victims: A male suspect approached a group standing outside at about 3:50 a.m. and opened fire. 

A 29-year-old woman suffered a gunshot wound to the chest and was transported to Stroger Hospital, the Chicago Sun-Times reported. The other two victims, a 56-year-old woman and a 30-year-old man, were taken to Loyola University Medical Center with various gunshot wounds. 

NYC GANG MEMBERS ARRESTED IN CONNECTION TO SHOOTOUT THAT INJURED DAD SHIELDING 3 KIDS

The weekend violence started Friday evening with 11 people injured in shootings across the city. 

Chicago saw around 73 people shot, with 11 fatalities, last weekend in Chicago. 

LOUISIANA BOY, 3, DIES AFTER 25 SHOTS FIRED INTO HOME DURING DRIVE-BY SHOOTING; NO ARRESTS MADE

Thursday alone saw 15 people wounded and a 22-year-old killed, the Sun-Times reported. One of the victims was a 14-year-old boy who was struck twice in the head and taken to Roseland Hospital, where he was listed in critical condition. 

As of Tuesday, the Chicago Police Department reported 1,915 shooting incidents, compared to 1,740 shootings at the same time last year, according to police data. 

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Last week, Attorney General Merrick Garland said the Justice Department would combat gun trafficking that many inner-city leaders blame for an uptick in violent crime. Strike forces have been launched in New York, Washington D.C., Los Angeles and Chicago to crack down on gun violence. 

Fox News' Louis Casiano contributed to this report.

August 01, 2021 at 03:03AM
Peter Aitken
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EUR/USD Weekly Outlook

EUR/USD rebounded to 1.1907 last week but failed to extend gain and retreated form there. Initial bias is neutral this week first. Current development argues that a short term bottom is formed at 1.1751. Above 1.1907 will target 1.1974 resistance first. Firm break there should argue that whole corrective pattern from 1.2348 has completed. On the downside, however, break of 1.1751 will resume the fall from 1.2265 to 1.1703 support instead.

In the bigger picture, rise from 1.0635 is seen as the third leg of the pattern from 1.0339 (2017 low). Further rally could be seen to cluster resistance at 1.2555 next, (38.2% retracement of 1.6039 to 1.0339 at 1.2516). This will remain the favored case as long as 1.1602 support holds. Reaction from 1.2555 should reveal underlying long term momentum in the pair. However sustained break of 1.1602 will argue that the rise from 1.0635 is over, and turn medium term outlook bearish again.

In the long term picture, focus remains on 1.2555 cluster resistance (38.2% retracement of 1.6039 to 1.0339 at 1.2516). Sustained break there should confirm long term bullish reversal and target 61.8% retracement at 1.3862 and above. However, rejection by 1.2555 will keep medium term outlook neutral first, and raise the prospect of down trend resumption at a later stage.

August 01, 2021 at 01:28AM
ActionForex.com
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Unemployed Tennessee residents sue state, governor to reinstate unemployment benefits

The lawsuit asks the court to instruct Gov. Bill Lee to restart the federal benefits

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Seven Tennessee residents have filed a lawsuit against Gov. Bill Lee for stopping federal unemployment benefits earlier this year.

Lee pulled out of the benefits program at the start of July – more than two months before it was set to expire. Tennessee was one of several states to make the decision, citing it as an impediment to economic growth following a sluggish year due to the coronavirus pandemic.

Weeks later, some families say they are struggling without the benefits, the Tennessean reported . The families claim in the suit that they have applied to hundreds of jobs, most without receiving any response.

File-This Nov. 10, 2020, file photo shows Tennessee Gov. Bill Lee speaks with reporters in Nashville, Tenn. (AP Photo/Mark Humphrey, File)

The lawsuit, filed Monday in Middle Tennessee District Court, asks the court to instruct Lee to immediately reverse his earlier decision and reenter the program. Tennessee returned to state-funded benefits, which dispenses around $275 per week, and the federal program would have added an additional $300 per week.

Several states that pulled out of the benefits program have faced lawsuits already, with residents in Indiana and Maryland having won their cases. Cases in Ohio, Oklahoma, Florida and Texas are pending, FOX 17 News reported .

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"Them winning gives us a little hope that we can win too because we have similar laws," Dee Bowen, a mom and member of the Facebook group "Tennesseans Against Ending Benefits Early," said.

Blackburn indicated almost two weeks ago that he would move ahead with the lawsuit, saying that he saw people who suffered circumstances – physical impairments, for example – that restricted their ability to work.

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"This program has served as a lifeline for thousands of Tennesseans who remain affected by the pandemic," Nashville attorneys W. Gary Blackburn and Bryant Kroll wrote. "Thousands of Tennesseans, who were already struggling to pay for their housing even with the assistance of the federal benefits, have already lost those benefits, and are facing the loss of the protections provided by the moratorium."

The Tennessee benefits saw residents receiving just under $300 a week payments.

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"We will no longer participate in federal pandemic unemployment programs because Tennesseans have access to more than 250,000 jobs in our state," Lee said in a statement. "Families, businesses and our economy thrive when we focus on meaningful employment and move on from short-term, federal fixes."

However, FOX 17 News reported that the number of available jobs has only increased over the past month, now standing at around 270,000 openings.

A spokesperson for Lee’s administration told the local affiliate that the governor is "focused on helping Tennesseans find meaningful employment and moving away from short-term, federal fixes. There are no plans for that to change."

Peter Aitken is a New York born-and-raised reporter with a focus on national and global news.

August 01, 2021 at 01:26AM
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USD/JPY Weekly Outlook

USD/JPY stays in range of 109.05/110/58 last week. Initial bias stays neutral this week first. On the downside, break of 109.05 will resume the decline from 111.65. Next target is 38.2% retracement of 102.58 to 111.65 at 108.18. On the upside, break of 110.58 will resume the rebound from 109.05, for retesting 111.65 high.

In the bigger picture, medium term outlook is staying neutral with 111.71 resistance intact. The pattern from 101.18 could still extend with another falling leg. Sustained trading below 55 day EMA will bring deeper fall to 107.47 support and below. For now, outlook won’t turn bullish as long as 111.71 resistance holds, even in case of strong rebound.

In the long term picture, the rise from 75.56 (2011 low) long term bottom to 125.85 (2015 high) is viewed as an impulsive move, no change in this view. Price actions from 125.85 are seen as a corrective pattern which could still extend. In case of deeper fall, downside should be contained by 61.8% retracement of 75.56 to 125.85 at 94.77. Up trend from 75.56 is expected to resume at a later stage for above 135.20/147.68 resistance zone.

August 01, 2021 at 01:22AM
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GBP/USD Weekly Outlook

GBP/USD rose to as high as 1.3982 last week, but formed a temporary top there and retreated. The break of 1.3908 resistance suggests that consolidation pattern from 1.4240 has completed with three waves down to 1.3570. Further rise is expected as long as 1.3766 support holds. On the upside, break of 1.3982 will resume the rise from 1.3570 to retest 1.4248 high. However, break of 1.3766 support will dampen this bullish view and bring retest of 1.3570.

In the bigger picture, as long as 1.3482 resistance turned support holds, up trend from 1.1409 should still continue. Decisive break of 1.4376 resistance will carry larger bullish implications. However, firm break of 1.3482 support will argue that the rise from 1.1409 has completed. GBP/USD would then be seen in another leg of long term range pattern between 1.1409 and 1.4376. Deeper fall could then be seen to 61.8% retracement of 1.1409 to 1.4248 at 1.2493, and even below.

In the longer term picture, a long term bottom should be in place at 1.1409, on bullish convergence condition in monthly MACD. Rise from there would target 38.2% retracement of 2.1161 to 1.1409 at 1.5134. Reaction from there would reveal whether rise from 1.1409 is just a correction, or developing into a long term up trend.

August 01, 2021 at 01:14AM
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USD/CHF Weekly Outlook

USD/CHF’s fall from 0.9273 resumed last week and reached as low as 0.9037. The development also affirm that rebound form 0.8925 has completed. Initial bias stays on the downside this week for retesting 0.8925 support. On the upside, above 0.9116 support turned resistance will mix up the near term outlook and turn intraday bias neutral first.

In the bigger picture, failure to sustain above 55 week EMA (now at 0..9183) affirms medium term bearish in USD/CHF. Break of 0.8925 support should resume the whole decline form 1.0342 (2016 high) through 0.8756 low. For now, risk will stay on the downside as long as 0.9273 resistance holds, in case of rebound.

In the long term picture, price actions from 0.7065 (2011 low) are currently seen as developing into a long term corrective pattern, at least until a firm break of 1.0342 resistance.

August 01, 2021 at 01:09AM
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AUD/USD Weekly Outlook

AUD/USD stayed in consolidation from 0.7288 last week and outlook is unchanged. Initial bias remains neutral this week first. Outlook will stay bearish as long as 0.7442 support turned resistance holds. On the downside, break of 0.7288 will resume the whole decline from 0.8006 and target 161.8% projection of 0.8006 to 0.7530 from 0.7890 at 0.7120 next. On the upside, break of 0.7443 will bring stronger rebound to 0.7530 support turned resistance instead.

In the bigger picture, rise from 0.5506 medium term bottom could have completed at 0.8006, after failing 0.8135 key resistance. Correction from there could target 0.6991 cluster support (38.2% retracement of 0.5506 to 0.8006 at 0.7051). We’d look for strong support from there to bring rebound. However, sustained break of this level would argue that the whole medium term trend has indeed reversed.

In the longer term picture, rise from 0.5506 could have completed at 0.8006. But subsequent fall is now seen as a correction only. As long as 0.6991 structural support holds, we’d expect another rise through 0.8006 at a later stage. However, sustained break of 0.6991 would argue that the trend has reversed and put 0.5506 low back into radar.

August 01, 2021 at 01:08AM
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