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Morning Wire

Border Gotaways Surge & The Dow’s Historic High | Afternoon Update | 5.16.24

Morning Wire

The Daily Wire

Daily News, News

4.925.6K Ratings

🗓️ 16 May 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

Developing stories you need to know just in time for your drive home. Get the facts first on Morning Wire. Good Ranchers: Get FREE Wagyu burgers for a year with promo code WIRE at https://www.goodranchers.com Lumen: Get $100 off at checkout! Use promo code WIRE at http://go.lumen.me/Wire

Transcript

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0:00.0

This episode is brought to you by Good Ranchers.

0:02.2

Go to Good Ranchers.com and use code Wire for free raggy burgers for a year.

0:06.4

That's Good Ranchers.com with promo code Wire today.

0:09.5

I'm Daily Wire editor andChief John Bickley. It's Thursday, May 16th, and this is your

0:16.6

morning wire afternoon update.

0:19.5

New data shows that the number of illegal immigrants evading border patrol has skyrocketed

0:24.5

under President Biden. The new data was obtained from a FOIA request made by

0:28.9

Fox News. The numbers show that between 2010 and 2020's fiscal years, there were over 1.4 million

0:36.1

gotaways, but under Biden there have already been around 1.6 million gotaways.

0:41.3

That's more gotaways in just three years than the entire decade before.

0:46.0

The Dow Jones Industrial Average made a historic jump this morning here to break it all down as Daily Wire senior editor Cabot Phillips.

0:54.7

The Dow surged past 40,000 today, hitting a record high that marks the culmination of a bull run

0:59.1

that started back in October of 2022.

1:01.8

The news comes amid strong earnings reports and optimism that the

1:04.4

Fed will cut interest rates before years end as inflation begins to slow.

1:07.9

Traders have pushed the Dow near 40,000 earlier in the year but it cooled as high

1:11.9

interest rates took hold.

1:13.0

Retail Giant Walmart helped lead the charge jumping 6% after posting stronger than

1:17.3

expected first quarter earnings.

1:18.9

President Biden is using executive privilege to keep audio recordings of his interview with Special

1:25.0

Council Robert Herr out of the hands of congressional Republicans.

1:29.3

Bailey Wire reporter Tim Pierce has more.

...

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