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Tag: CARR

  • Bonta demands FCC chair ‘stop his campaign of censorship’ following Kimmel suspension

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    California Atty. Gen. Rob Bonta on Monday accused Federal Communications Commission Chairman Brendan Carr of unlawfully intimidating television broadcasters into toeing a conservative line in favor of President Trump, and urged him to reverse course.

    In a letter to Carr, Bonta specifically cited ABC’s decision to pull “Jimmy Kimmel Live!” off the air after Kimmel made comments about the killing of close Trump ally Charlie Kirk, and Carr demanded ABC’s parent company Disney “take action” against the late-night host.

    Bonta wrote that California “is home to a great many artists, entertainers, and other individuals who every day exercise their right to free speech and free expression,” and that Carr’s demands of Disney threatened their 1st Amendment rights.

    “As the Supreme Court held over sixty years ago and unanimously reaffirmed just last year, ‘the First Amendment prohibits government officials from relying on the threat of invoking legal sanctions and other means of coercion to achieve the suppression of disfavored speech,’” Bonta wrote.

    Carr and Trump have both denied playing a role in Kimmel’s suspension, alleging instead that it was due to his show having poor ratings.

    After Disney announced Monday that Kimmel’s show would be returning to ABC, Bonta said he was “pleased to hear ABC is reversing course on its capitulation to the FCC’s unlawful threats,” but that his “concerns stand.”

    He rejected Trump and Carr’s denials of involvement, and accused the administration of “waging a dangerous attack on those who dare to speak out against it.”

    “Censoring and silencing critics because you don’t like what they say — be it a comedian, a lawyer, or a peaceful protester — is fundamentally un-American,” while such censorship by the U.S. government is “absolutely chilling,” Bonta said.

    Bonta called on Carr to “stop his campaign of censorship” and commit to defending the right to free speech in the U.S., which he said would require “an express disavowal” of his previous threats and “an unambiguous pledge” that he will not use the FCC “to retaliate against private parties” for speech he disagrees with moving forward.

    “News outlets have reported today that ABC will be returning Mr. Kimmel’s show to its broadcast tomorrow night. While it is heartening to see the exercise of free speech ultimately prevail, this does not erase your threats and the resultant suppression of free speech from this past week or the prospect that your threats will chill free speech in the future,” Bonta wrote.

    After Kirk’s killing, Kimmel said during a monologue that the U.S. had “hit some new lows over the weekend, with the MAGA gang desperately trying to characterize this kid who murdered Charlie Kirk as anything other than one of them and doing everything they can to score political points from it.”

    Carr responded on a conservative podcast, saying, “These companies can find ways to change conduct, to take action, frankly, on Kimmel, or, you know, there’s going to be additional work for the FCC ahead.”

    Two major owners of ABC affiliates dropped the show, after which ABC said it would be “preempted indefinitely.”

    Both Kirk’s killing and Kimmel’s suspension — which followed the cancellation of “The Late Show With Stephen Colbert” by CBS — kicked off a tense debate about freedom of speech in the U.S. Both Kimmel and Colbert are critics of Trump, while Kirk was an ardent supporter.

    Constitutional scholars and other 1st amendment advocates said the administration and Carr have clearly been exerting inappropriate pressure on media companies.

    Erwin Chemerinsky, dean of the UC Berkeley Law School, said Carr’s actions were part of a broad assault on free speech by the administration, which “is showing a stunning ignorance and disregard of the 1st amendment.”

    Summer Lopez, the interim co-chief executive of PEN America, said this is “a dangerous moment for free speech” in the U.S. because of a host of Trump administration actions that are “pretty clear violations of the 1st Amendment” — including Carr’s threats but also statements about “hate speech” by Atty. Gen. Pam Bondi and new Pentagon restrictions on journalists reporting on the U.S. military.

    She said Kimmel’s return to ABC showed that “public outrage does make a difference,” but that “it’s important that we generate that level of public outrage when the targeting is of people who don’t have that same prominence.”

    Carr has also drawn criticism from conservative corners, including from Sen. Ted Cruz (R-Texas) — who is chairman of the Senate Commerce Committee, which oversees the FCC. He recently said on his podcast that he found it “unbelievably dangerous for government to put itself in the position of saying we’re going to decide what speech we like and what we don’t, and we’re going to threaten to take you off air if we don’t like what you’re saying.”

    Cruz said he works closely with Carr, whom he likes, but that what Carr said was “dangerous as hell” and could be used down the line “to silence every conservative in America.”

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    Kevin Rector

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  • Georgia judge to toss landmark racketeering charges against ‘Cop City’ protesters

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    A Georgia judge on Tuesday said he will toss the racketeering charges against all 61 defendants accused of a years-long conspiracy to halt the construction of a police and firefighter training facility that critics pejoratively call “Cop City.”Fulton County Judge Kevin Farmer said he does not believe Republican Attorney General Chris Carr had the authority to secure the 2023 indictments under Georgia’s Racketeer Influenced and Corrupt Organizations law, or RICO. Experts believe it was the largest criminal racketeering case ever filed against protesters in U.S. history.The defendants faced a wide variety of allegations — everything from throwing Molotov cocktails at police officers, to supplying food to protesters who were camped in the woods and passing out fliers against a state trooper who had fatally shot a protester. Each defendant faced up to 20 years in prison on the RICO charges.Farmer said during a hearing that Carr needed Gov. Brian Kemp’s permission to pursue the case instead of the local district attorney. Prosecutors earlier conceded that they did not obtain any such order.“It would have been real easy to just ask the governor, ‘Let me do this, give me a letter,’” Farmer said. “The steps just weren’t followed.”The case is not over yetFive of the 61 defendants were also indicted on charges of domestic terrorism and first-degree arson connected to a 2023 “night of rage” in which masked activists burned a police car in downtown Atlanta and threw rocks at a skyscraper that houses the Atlanta Police Foundation. Farmer said Carr also didn’t have the authority to pursue the arson charge, though he believes the domestic terrorism charge can stand.Farmer said he plans to file a formal order soon and is not sure whether he would quash the entire indictment or let the domestic terrorism charge proceed.Deputy Attorney General John Fowler told Farmer that he believes the judge’s decision is “wholly incorrect.”Carr plans to “appeal immediately,” spokesperson Kara Murray said.“The Attorney General will continue the fight against domestic terrorists and violent criminals who want to destroy life and property,” she said.Defense attorney Don Samuel said the case was rife with errors. Defense attorneys had expected to spend the whole week going through dozens of dismissal motions that had been filed. During an impassioned speech on Monday, the first day of the hearing, Samuel called the case “an assault on the right of people to protest” and urged Farmer to “put a stop to this.”“We could have spun the wheel and seen which argument was going to win first,” Samuel told The Associated Press after Farmer announced his decision from the bench.The long-brewing controversy over the training center erupted in January 2023 after state troopers who were part of a sweep of the South River Forest killed an activist, known as “Tortuguita,” who authorities said had fired at them while inside a tent near the construction site. A prosecutor found the troopers’ actions “objectively reasonable,” though Tortuguita’s family has filed a lawsuit, saying the 26-year-old’s hands were in the air and that troopers used excessive force when they initially fired pepper balls into the tent.Numerous protests ensued, with masked vandals sometimes attacking police vehicles and construction equipment to stall the project and intimidate contractors into backing out. Opponents also pursued civic paths to halt the facility, including packing City Council meetings and leading a massive referendum effort that got tied up in the courts.Carr, who is running for governor, had pursued the case, with Kemp hailing it as an important step to combat “out-of-state radicals that threaten the safety of our citizens and law enforcement.”But critics had decried the indictment as a politically motivated, heavy-handed attempt to quash the movement against the 85-acre project that ultimately cost more than $115 million.Environmentalists and anti-police activists were unitedEmerging in the wake of the 2020 racial justice protests, the “Stop Cop City” movement gained nationwide recognition as it united anarchists, environmental activists and anti-police protesters against the sprawling training center, which was being built in a wooded area that was ultimately razed in DeKalb County.Activists argued that uprooting acres of trees for the facility would exacerbate environmental damage in a flood-prone, majority-Black area while serving as an expensive staging ground for militarized officers to be trained in quelling social movements.The training center, a priority of Atlanta Mayor Andre Dickens, opened earlier this year, despite years of protests and millions in cost overruns, some of it due to the damage protesters caused, and police officials’ needs to bolster 24/7 security around the facility.But over the past two years, the case had been bogged down in procedural issues, with none of the defendants going to trial. Farmer and the case’s previous judge, Fulton County Judge Kimberly Esmond Adams, had earlier been critical of prosecutors’ approach to the case, with Adams saying the prosecution had committed “gross negligence” by allowing privileged attorney-client emails to be included among a giant cache of evidence that was shared between investigators and dozens of defense attorneys.As the delays continued, defendants said their lives had been wrecked by the charges, with many unable to secure steady jobs or housing.Three of the defendants, organizers of a bail fund that supported the protesters, had also been charged with 15 counts of money laundering, but prosecutors dropped those charges last year.Prosecutors had previously apologized to the court for various delays and missteps, but lamented the difficulty of handling such a sprawling case, though Farmer pointed out that it was prosecutors who decided to bring this “61-person elephant” to court in the first place.Defense attorney Xavier de Janon said Farmer’s decision is a “victory,” but noted that there are other defendants still facing unindicted domestic terrorism charges in DeKalb County, as well as numerous pending misdemeanors connected to the movement.“The prosecutions haven’t ended against this movement, and I hope that people continue to pay attention to how the state is dealing with protests and activism, because it hasn’t ended,” de Janon said. “This is a win, and hopefully many more will come.”

    ATLANTA —

    A Georgia judge on Tuesday said he will toss the racketeering charges against all 61 defendants accused of a years-long conspiracy to halt the construction of a police and firefighter training facility that critics pejoratively call “Cop City.”

    Fulton County Judge Kevin Farmer said he does not believe Republican Attorney General Chris Carr had the authority to secure the 2023 indictments under Georgia’s Racketeer Influenced and Corrupt Organizations law, or RICO. Experts believe it was the largest criminal racketeering case ever filed against protesters in U.S. history.

    The defendants faced a wide variety of allegations — everything from throwing Molotov cocktails at police officers, to supplying food to protesters who were camped in the woods and passing out fliers against a state trooper who had fatally shot a protester. Each defendant faced up to 20 years in prison on the RICO charges.

    Farmer said during a hearing that Carr needed Gov. Brian Kemp’s permission to pursue the case instead of the local district attorney. Prosecutors earlier conceded that they did not obtain any such order.

    “It would have been real easy to just ask the governor, ‘Let me do this, give me a letter,’” Farmer said. “The steps just weren’t followed.”

    The case is not over yet

    Five of the 61 defendants were also indicted on charges of domestic terrorism and first-degree arson connected to a 2023 “night of rage” in which masked activists burned a police car in downtown Atlanta and threw rocks at a skyscraper that houses the Atlanta Police Foundation. Farmer said Carr also didn’t have the authority to pursue the arson charge, though he believes the domestic terrorism charge can stand.

    Farmer said he plans to file a formal order soon and is not sure whether he would quash the entire indictment or let the domestic terrorism charge proceed.

    Deputy Attorney General John Fowler told Farmer that he believes the judge’s decision is “wholly incorrect.”

    Carr plans to “appeal immediately,” spokesperson Kara Murray said.

    “The Attorney General will continue the fight against domestic terrorists and violent criminals who want to destroy life and property,” she said.

    Defense attorney Don Samuel said the case was rife with errors. Defense attorneys had expected to spend the whole week going through dozens of dismissal motions that had been filed. During an impassioned speech on Monday, the first day of the hearing, Samuel called the case “an assault on the right of people to protest” and urged Farmer to “put a stop to this.”

    “We could have spun the wheel and seen which argument was going to win first,” Samuel told The Associated Press after Farmer announced his decision from the bench.

    The long-brewing controversy over the training center erupted in January 2023 after state troopers who were part of a sweep of the South River Forest killed an activist, known as “Tortuguita,” who authorities said had fired at them while inside a tent near the construction site. A prosecutor found the troopers’ actions “objectively reasonable,” though Tortuguita’s family has filed a lawsuit, saying the 26-year-old’s hands were in the air and that troopers used excessive force when they initially fired pepper balls into the tent.

    Numerous protests ensued, with masked vandals sometimes attacking police vehicles and construction equipment to stall the project and intimidate contractors into backing out. Opponents also pursued civic paths to halt the facility, including packing City Council meetings and leading a massive referendum effort that got tied up in the courts.

    Carr, who is running for governor, had pursued the case, with Kemp hailing it as an important step to combat “out-of-state radicals that threaten the safety of our citizens and law enforcement.”

    But critics had decried the indictment as a politically motivated, heavy-handed attempt to quash the movement against the 85-acre project that ultimately cost more than $115 million.

    Environmentalists and anti-police activists were united

    Emerging in the wake of the 2020 racial justice protests, the “Stop Cop City” movement gained nationwide recognition as it united anarchists, environmental activists and anti-police protesters against the sprawling training center, which was being built in a wooded area that was ultimately razed in DeKalb County.

    Activists argued that uprooting acres of trees for the facility would exacerbate environmental damage in a flood-prone, majority-Black area while serving as an expensive staging ground for militarized officers to be trained in quelling social movements.

    The training center, a priority of Atlanta Mayor Andre Dickens, opened earlier this year, despite years of protests and millions in cost overruns, some of it due to the damage protesters caused, and police officials’ needs to bolster 24/7 security around the facility.

    But over the past two years, the case had been bogged down in procedural issues, with none of the defendants going to trial. Farmer and the case’s previous judge, Fulton County Judge Kimberly Esmond Adams, had earlier been critical of prosecutors’ approach to the case, with Adams saying the prosecution had committed “gross negligence” by allowing privileged attorney-client emails to be included among a giant cache of evidence that was shared between investigators and dozens of defense attorneys.

    As the delays continued, defendants said their lives had been wrecked by the charges, with many unable to secure steady jobs or housing.

    Three of the defendants, organizers of a bail fund that supported the protesters, had also been charged with 15 counts of money laundering, but prosecutors dropped those charges last year.

    Prosecutors had previously apologized to the court for various delays and missteps, but lamented the difficulty of handling such a sprawling case, though Farmer pointed out that it was prosecutors who decided to bring this “61-person elephant” to court in the first place.

    Defense attorney Xavier de Janon said Farmer’s decision is a “victory,” but noted that there are other defendants still facing unindicted domestic terrorism charges in DeKalb County, as well as numerous pending misdemeanors connected to the movement.

    “The prosecutions haven’t ended against this movement, and I hope that people continue to pay attention to how the state is dealing with protests and activism, because it hasn’t ended,” de Janon said. “This is a win, and hopefully many more will come.”

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  • U.S. stocks end higher after job report, and Dow scores longest weekly winning streak since February 2019

    U.S. stocks end higher after job report, and Dow scores longest weekly winning streak since February 2019

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    U.S. stocks closed higher Friday, with the Dow Jones Industrial Average scoring its longest weekly winning streak since February 2019, as investors digested the latest job report.

    How stock indexes traded

    • The Dow Jones Industrial Average
      DJIA
      rose 130.49 points, or 0.4%, to close at 36,247.87, its highest closing value since Jan. 12, 2022.

    • The S&P 500
      SPX
      gained 18.78 points, or 0.4%, to finish at 4,604.37, marking its highest close since March 29, 2022.

    • The Nasdaq Composite
      COMP
      climbed 63.98 points, or 0.4%, to end at 14,403. 97, scoring its highest closing value since April 4, 2022.

    For the week, the Dow eked out a gain of less than 0.1%, the S&P 500 edged up 0.2% and the Nasdaq advanced 0.7%. All three major indexes rose for a sixth straight week, according to Dow Jones Market Data.

    What drove markets

    U.S. stocks ended higher Friday as investors parsed a stronger-than-expected job report.

    The U.S. Bureau of Labor Statistics said Friday that the economy added 199,000 jobs in November, while the unemployment rate fell to 3.7% from 3.9%. Economists polled by the Wall Street Journal had forecast that 190,000 jobs would be added in the month.

    “It’s nice to see that a soft landing still can take place,” Yung-Yu Ma, chief investment officer at BMO Wealth Management, said by phone Friday. But the market had been getting “too optimistic” about potential interest-rate cuts by the Federal Reserve in the early part of next year, he added.

    The job report is “perhaps a wash” for markets as “average hourly earnings growth came in a little on the high side,” Ma said. That could contribute to inflationary pressures and push a Fed pivot on rate cuts further out in 2024 than markets were expecting. 

    “The Fed can probably be patient for a while,” he said. Fed Chair Jerome Powell may “strike a bit more of a hawkish tone” after the central bank’s monetary-policy meeting next week, potentially pushing back against some of the enthusiasm for earlier rate cuts, Ma said.

    Average hourly earnings rose 0.4% in November, up 4% year over year, the job report shows.

    “Even though the headline 199,000 new jobs created is just slightly above consensus estimates for 190,000 new positions, the lower unemployment rate of 3.7%, coupled with higher-than-expected average hourly earnings, caused a jump higher in Treasury yields,” Quincy Krosby, chief global strategist at LPL Financial, said in emailed comments.

    The yield on the 10-year Treasury note
    BX:TMUBMUSD10Y
    climbed 11.5 basis points Friday to 4.244%, according to Dow Jones Market Data. That’s below its high this year of about 5% in October.

    Meanwhile, the stock market’s so-called fear gauge remained low, with the CBOE Volatility Index
    VIX
    declining to 12.35 on Friday, FactSet data show.

    See: The VIX says stocks are ‘reliably in a bull market’ heading into 2024. Here’s how to read it.

    In other economic data released Friday, the University of Michigan’s gauge of consumer sentiment rose to a preliminary reading of 69.4 in December, its first increase in five months. Inflation expectations also moderated, the university’s survey of consumer sentiment showed.

    Such a big swing for a single reading of the survey is unusual, said Claudia Sahm, a former Federal Reserve economist who now runs a consulting business. “These data usually don’t move like that,” she said during a phone interview with MarketWatch.

    Next week’s economic calendar will include a reading on U. S. inflation from the consumer-price index as well as the outcome of the Fed’s two-day policy meeting, scheduled to conclude Dec. 13.

    Meanwhile, the S&P 500 notched a sixth straight week of gains, its longest such winning streak since the stretch ending Nov. 15, 2019, according to Dow Jones Market Data. The Dow Jones Industrial Average logged its longest stretch of weekly gains since February 2019.

    Companies in focus

    Steve Goldstein contributed.

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  • CARR Stock Price | Carrier Global Corp. Stock Quote (U.S.: NYSE) | MarketWatch

    CARR Stock Price | Carrier Global Corp. Stock Quote (U.S.: NYSE) | MarketWatch

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    Carrier Global Corp. engages in the provision of building and cold chain solutions. It also offers heating, ventilating, and air conditioning (HVAC), refrigeration, fire, security, and building automation technologies. It also engages in the provision of building services such as audit, design, installation, system integration, repair, maintenance, and monitoring. The company operates through the following segments: HVAC, Refrigeration, and Fire and Security. The HVAC segment provides products, controls, services, and solutions to meet the heating, cooling, and ventilation needs of residential and commercial customers. The Refrigeration segment includes transport refrigeration and monitoring products, services, and digital solutions for trucks, trailers, shipping containers, intermodal and rail, as well as commercial refrigeration products. The Fire and Security segment provides a range of residential, commercial, and industrial technologies to protect people and property. The company was founded by Willis Carrier on June 26, 1915 and is headquartered in Palm Beach Gardens, FL.

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