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Trump Says He Doesn’t Like What He’s Heard of TikTok Deal

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Trump Says He Doesn’t Like What He’s Heard of TikTok Deal

(Bloomberg) — President Donald Trump said he’s not happy with what he’s heard about the terms of Oracle Corp.’s bid for the Chinese-owned video app TikTok but added he won’t be briefed on details until Thursday morning.

“Just conceptually, I can tell you I don’t like that,” he said after a reporter told him that TikTok’s Chinese owner, Bytedance Ltd., would retain a majority of the company’s assets, with Oracle acquiring a minority stake.

“I’m not prepared to sign off on anything,” Trump said, adding that he needs to hear more details of the proposal.

Top Trump administration officials have raised concern that Oracle’s proposal for TikTok’s U.S. operations falls short of satisfying national-security concerns, according to people with the matter. Their position could sway whether the bid succeeds or fails, but Trump has the authority to approve or deny any deal.

The officials, including Secretary of State Michael Pompeo, worry that Bytedance could still access the data of around 100 million app users in the U.S. even if the transaction is approved.

Oracle would be responsible for storing user data in the U.S. under the proposed restructuring.

Oracle’s bid is still under consideration at the Committee for Foreign Investment in the U.S., or Cfius, which vets deals for national-security consideration. The panel, which includes the Departments of Treasury, State, Justice and other agencies, was set to meet Wednesday to discuss the potential sale, following a similar meeting on Tuesday.

TikTok has become a target for Trump as he seeks to punish China for the coronavirus pandemic ahead of the November presidential election. Trump has sought to play up his get-tough approach on China to contrast himself with Democratic challenger Joe Biden, who leads in the polls.

Trump spoke favorably of the Oracle proposal on Tuesday, saying that an agreement is “very close” and praising the company’s chairman and co-founder Larry Ellison as someone who has been “a terrific guy for a long time.”

Trump has repeatedly insisted that any sale of TikTok’s U.S. operations would have to include a substantial payment to the U.S. But on Wednesday, he told reporters that lawyers told him the U.S. has no authority to require that.

“Amazingly, I find that you’re not allowed to do that,” Trump said. “You’re not allowed to accept — I said, ‘What kind of a government — what kind of a thing is this?”’

(Updates with Trump comments in final two paragraphs.)

For more articles like this, please visit us at bloomberg.com

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©2020 Bloomberg L.P.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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Ruth Bader Ginsburg’s death will drive voter turnout. Which side does that help?

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Kelli Midgley, center, an English teacher from Baltimore, joins people gathered at the Supreme Court to honor the late Justice Ruth Bader Ginsburg. <span class="copyright">(J. Scott Applewhite / Associated Press )</span>
Kelli Midgley, center, an English teacher from Baltimore, joins people gathered at the Supreme Court to honor the late Justice Ruth Bader Ginsburg. (J. Scott Applewhite / Associated Press )

A presidential contest that had largely been a referendum on President Trump and, in particular, his handling of the COVID-19 pandemic has suddenly broadened into something more: a fight over control of the Supreme Court.

Both sides claim their base will be more energized than ever by the vacancy created with the death of liberal Justice Ruth Bader Ginsburg on Friday. The GOP has historically had more success in using the judiciary to rally its voters and push the courts to the right.

But the Democrats’ angst over losing a progressive luminary and fear of a solidifying conservative majority may be enough to turn this court opening into a political advantage.

The flood of donations to Democratic candidates after Ginsburg’s death and the impromptu vigils at the Supreme Court and across the nation indicate a liberal hunger, made more voracious after 3½ years of Trump, to stop the conservative tilt of the courts.

Whether that will be enough to overcome the well-honed political reflexes of evangelical Christians, who have been disciplined in their drive to use the courts to overturn abortion, remains to be seen. But one thing seems certain about the coming nomination fight — and the election now inextricably linked to it.

“It will be more intense than anything we’ve seen before,” predicted Michael Gerhardt, a University of North Carolina law professor who counseled the Senate Judiciary Committee on seven of the nine most recent Supreme Court confirmations.

Even before Ginsburg’s death, there were signs that Democratic voters cared more about the courts this election. Four years ago, 70% of Trump supporters said Supreme Court appointments were a “very important” issue, compared with 62% of Hillary Clinton backers. This time, Democratic nominee Joe Biden’s supporters are 5 percentage points more likely than Trump supporters to rank court appointments as a top concern, according to polling done by the nonpartisan Pew Research Center.

That shift stems, in part, from the GOP’s recent successes in installing conservative judges at all levels of the judiciary. During Trump’s tenure, more than 200 federal judges have been confirmed and two justices have been appointed to the high court. The raft of new, younger judges will influence the judiciary for decades to come.

Until 2016, the threat of a conservative Supreme Court was never fully realized. The foundation of Roe vs. Wade, the 1973 decision that legalized abortion, has been repeatedly upheld, albeit steadily chipped away. And there were other wins, notably the legalization of same-sex marriage.

“The sky has not fallen yet,” Gerhardt said. “That led a lot of people to be complacent.”

But after Republicans refused to vote or even hold hearings for President Obama’s nomination of the moderate Merrick Garland in early March 2016, Trump has made two Supreme Court appointments — Neil M. Gorsuch and Brett M. Kavanaugh — and will more than likely fill a third seat.

“The idea of going from 5-4 [conservative majority] to 6-3 is different,” said Norman Ornstein, a political scholar at the American Enterprise Institute. Additionally, “there is still that simmering deep resentment about Merrick Garland — the sense that Republicans did not play fair.”

Veterans of past court battles say they’ve also seen new verve from Democratic politicians to take more aggressive postures about the court, such as advocating “court packing” — that is, adding Supreme Court justices to dilute the conservative majority.

Before Ginsburg’s death, “there was not a big appetite for enlarging the Supreme Court,” Ornstein said. “I think the sense was that the political ramifications were just too great, that it would unleash a huge barrage of negative pushback.”

Ornstein said he had spoken to several Democratic senators who would now be more open to the idea, particularly if Republicans ram through an appointment prior to the election or in a lame duck session if Democrats win the White House and Senate in November.

Until then, Democrats and their allies will almost certainly benefit from supporters throwing their wallets wide open this weekend.

After Ginsburg’s death was reported Friday evening, ActBlue, a major online fundraising hub for Democrats, raised $30 million in 12 hours, shattering records.

“I’ve talked to dozens and dozens of women in the last 24 hours, many of whom are not at all interested in politics, who are ready to leave the sidelines and start phone banking, door knocking and doing whatever it takes,” said Rebecca Katz, a New York-based progressive strategist.

The reason, she said, was simple: “The threat of overturning Roe is no longer hypothetical. That’s it in a nutshell.”

Privately, one Biden campaign advisor agreed, noting that the fear of abortion being outlawed is an unparalleled motivator for younger voters — especially women — who may not be enthused about the Democratic nominee “and need a reason to get fired up.”

For many younger women, the strategist said, “RBG was iconic and adored … and abortion is the one issue that people connect with the Supreme Court most of all.”

Rallying around the abortion issue has long been a playbook for the Republicans. The prospect of overturning Roe vs. Wade has held together the party’s socially conservative base, which turns out in force election after election.

Judge Merrick Garland, President Obama's choice for the Supreme Court, was denied a confirmation hearing by Senate Republicans. <span class="copyright">(Pablo Martinez Monsivais / Associated Press)</span>
Judge Merrick Garland, President Obama’s choice for the Supreme Court, was denied a confirmation hearing by Senate Republicans. (Pablo Martinez Monsivais / Associated Press)

The challenge for Democrats is that there is “no one litmus test,” said Nan Aron, president of Alliance for Justice, a progressive advocacy group focused on the judiciary. “Democrats care about a range of critically important issues.”

Conservatives have also built a vast network to groom up-and-coming jurists, with groups such as the Federalist Society compiling lists of potential judges so they are well-positioned when a vacancy arises.

In turn, Republican lawmakers — and especially Senate Majority Leader Mitch McConnell — have made confirming judges a top priority.

Liberals have lacked an equivalent infrastructure, and recent Democratic presidents devoted more of their political capital to major legislative lifts, such as the Affordable Care Act under Obama, than to judicial nominations, which were further obstructed by Senate Republicans.

Republicans have also united around a shared judicial philosophy of “originalism,” which promotes interpreting the Constitution according to the framers’ understanding at the time it was ratified. The theory, rejecting the handiwork of what conservatives call activist judges, has united that wing of the party since the Reagan administration.

Democrats have failed to come up with a compelling philosophical counterargument, said Georgetown law professor Victoria Nourse, choosing instead to emphasize the importance of identity and diversity in the judiciary.

“Democrats, as a group, need to come up with a countervailing theory that pushes back against a horse-and-buggy Constitution,” said Nourse, who worked for Biden when he was a senator and vice president.

When Justice Antonin Scalia, a father of originalism, died nearly nine months before the 2016 presidential election, the prospect of a Republican president filling that seat proved to be a potent motivator for evangelical voters to side with Trump, despite his multiple marriages and coarse personal style.

Those votes were crucial to Trump’s election. They made up more than a quarter of the electorate and 80% of them voted for Trump, according to exit polls. Those voters have largely stuck with Trump to this day.

“I have not talked to one person who voted for the president the last time that wasn’t willing to vote for him again,” said Penny Nance, chief executive of Concerned Women for America, a conservative Christian group. “But there certainly are some people left to get, people who didn’t vote in the last election, didn’t feel energized to vote.”

She described the court vacancy as “a big shot of adrenaline to the conservative base and particularly to conservative women.”

For Democrats, the court vacancy offers the chance to highlight a range of issues, beyond abortion, that could be affected by a 6-3 conservative majority on the Supreme Court.

There could be opportunity for Democrats to further motivate Black and Latino voters, given high-stakes court battles over voting rights and immigration. Furthermore, with the court set to hear arguments in the Trump administration’s bid to overturn the Affordable Care Act, the Biden campaign was quick to emphasize the implications on healthcare, hoping to steer the conversation back to the COVID-19 pandemic, where Trump is politically vulnerable.

“As we saw in the 2018 midterms, voters across the political spectrum are mobilized more than ever because they understand what’s at stake and that the next justice who goes on the court will decide whether or not they will still have protections for preexisting conditions during a pandemic that has tragically killed nearly 200,000 Americans,” said Jamal Brown, national spokesman for the Biden campaign.

Former California Sen. Barbara Boxer, who says she feels a change in the air, speaks from firsthand experience. She was one of a record number of women elected to Congress in 1992 in a backlash after the confirmation of Justice Clarence Thomas and, in particular, the high-handed treatment Anita Hill received on Capitol Hill when she accused Thomas of sexual harassment. (It was Biden, incidentally, who ran the Judiciary Committee hearings.)

Boxer, who backs Biden, suggests a similar anger and sense of purpose will spur not just Democrats to the polls but progressive-leaning independents as well as Republican women who want to keep abortion legal.

“What does it take to fuel that kind of turnout?” Boxer said. “It goes back to emotion and caring. I think people felt that way about Anita Hill when they saw how she was treated, and they feel that way about Ruth Bader Ginsburg because they know Ruth was battling for them through thick and thin, including terrible bouts with cancer over and over again.”

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DTE Energy (NYSE:DTE) Has Compensated Shareholders With A Respectable 67% Return On Their Investment

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7 Monthly Dividend Stocks To Buy Now For Safe Payouts

The stock market can be broadly separated into two groups — dividend stocks and non-dividend stocks. Among stocks that pay dividends to shareholders, most do so on a quarterly basis. But there are other directions a company can take with its capital return policy. Some companies decide to pay a dividend once per year, while others pay semi-annually. There are even monthly dividend stocks.Income investors may find monthly dividend stocks to be attractive, as they pay 12 dividends per year. Monthly dividend stocks deliver more frequent income payments than stocks with other payout schedules. * 10 Education Stocks to Buy for the Fall School Season This article will discuss our top 7 monthly dividend stocks right now.InvestorPlace – Stock Market News, Stock Advice & Trading Tips * Realty Income (NYSE:O) * STAG Industrial (NYSE:STAG) * Shaw Communications (NYSE:SJR) * TransAlta Renewables (OTCMKTS:TRSWF) * Dream Industrial REIT (OTCMKTS:DREUF) * Choice Properties REIT (OTCMKTS:PPRQF) * Main Street Capital (NYSE:MAIN)As always, investors should make sure a company has a sustainable dividend backed by a strong underlying business model. Dividend safety is an important consideration for investors looking at monthly dividend stocks. Safe Monthly Dividend Stocks: Realty Income (O)Source: Shutterstock Realty Income is the safest monthly dividend stock on this list due to the company’s long history of consistent dividends. The company has paid 602 consecutive monthly dividends without interruption, a track record stretching back more than 50 years. It’s no surprise that Realty Income has trademarked itself as “The Monthly Dividend Company.”Realty Income also has a long history of consistently raising its dividend over time. Realty Income has increased its dividend 107 times since its initial public offering in 1994. Realty Income qualifies as a Dividend Aristocrat, a group of 65 companies in the S&P 500 that have raised their dividends for at least 25 consecutive years.Since its initial public listing in 1994, the company has increased its dividend on average by 4.5% per year. This means Realty Income has delivered consistent dividends each quarter and provided dividend growth for an extended period.Realty Income’s diversified property portfolio is a big reason for its impressive dividend history. Realty Income is a triple-net lease REIT, an attractive structure for REITs to follow. Being a triple-net lease REIT means that Realty Income collects steady rent payments each month, while three major cost components — maintenance, insurance and taxes — are the responsibility of the tenant. Realty Income’s diversified portfolio consists of over 6,500 properties spread across roughly 600 tenants, with an average remaining lease term of 9 years.The company’s high-quality portfolio has served as a competitive advantage during the coronavirus crisis. Realty Income collected 93.5% of its contractual rent in August, up from 92.3% in July. Investors have some reason for hope that the worst is over for Realty Income, which has an attractive yield of 4.2% right now. STAG Industrial (STAG)Source: Shutterstock STAG Industrial is a safe dividend stock because of its advantageous business model. STAG Industrial is a REIT with a particular focus on industrial real estate properties, many of which have exposure to e-commerce activity, an especially attractive feature for long-term REIT investors.Many REITs are highly exposed to areas of brick-and-mortar real estate that are in distress, such as malls. These property types were already under pressure entering 2020 due to the rise of e-commerce retailers such as Amazon (NASDAQ:AMZN). The onset of the novel coronavirus pandemic only accelerated secular e-commerce trends. As a result, STAG is an excellent stock for REIT investors looking for long-term growth potential.STAG Industrial’s property portfolio included 457 buildings in 30 different states as of June 30, 2020. According to the company, approximately 43% of its property portfolio handles e-commerce activity. In fact, Amazon is its largest tenant, comprising 2.5% of annualized base rent. Other major tenants such as XPO Logistics and Packaging (NYSE:XPO) will also benefit from the continued growth of e-commerce.Importantly, STAG Industrial has a healthy balance sheet to help support the dividend. The company has a manageable leverage ratio of 4.3x, as defined by net-debt-to-adjusted EBITDA, down from 4.8x in 2019. It also has just 12% of outstanding debt maturing before 2022. * 10 Education Stocks to Buy for the Fall School Season STAG Industrial collected 98% of rent in the second quarter, an excellent sign that the company is not being negatively impacted by the coronavirus pandemic. With a 4.5% yield and a projected payout ratio of 76% for 2020, we view STAG’s dividend as very safe. Shaw Communications (SJR)Source: JL IMAGES/Shutterstock.com Shaw Communications is a major communications company based out of Canada. It has become Western Canada’s leading content and network provider, with over $4 billion USD in annual revenue. The company delivers wireline and wireless services to consumers and businesses in Canada. The wireless business operates under the Freedom Mobile brand.Shaw Communications is uniquely positioned to succeed in the current environment. While many industries are under heavy stress due to the coronavirus pandemic, demand for wireless, video and broadband service only continues to rise. For example, in the most recently reported quarter, Shaw Communication’s consolidated revenue decreased by just 0.8%. Meanwhile, adjusted EBITDA increased 15.3% year-over-year, while postpaid churn rate was a record low 0.96%. Average revenue per user increased 2.6% for the quarter.Over the first three quarters of the current fiscal year, Shaw Communications grew its free cash flow by 20%. Such strong growth was due to resilient subscriber numbers and higher revenue per user, as well as lower capital expenditures and falling interest expense.Shaw Communications has a health balance sheet, with an investment-grade credit rating of BBB- from Standard & Poor’s. It also has a net-debt-to-adjusted-EBITDA ratio of 2.4x, which is actually below its target range of 2.5x to 3.0x. The company also has $2.1 billion CAD in available liquidity and no debt maturities until 2023, meaning short-term liquidity is not a concern for Shaw Communications.The company’s strong performance gives investors confidence that the dividend is safe, even in a prolonged recession. The stock has an attractive dividend yield of nearly 5%. TransAlta Renewables (TRSWF)Source: Shutterstock TransAlta Renewables is a top pick, as the stock not only pays a safe dividend each month, but it also provides investors with long-term growth potential.TransAlta Renewables is a renewable independent power producer based in Canada. It has a diversified portfolio of assets including interests in 23 wind facilities, 13 hydroelectric facilities, seven natural gas generation facilities, one solar facility and one natural gas pipeline.In all, the company cumulatively has an ownership interest of over 2,500 megawatts of generating capacity. Its assets are spread across the U.S., Canada and Western Australia. Therefore, TransAlta Renewables could be a particularly attractive stock for investors given its exposure to renewable energy, a long-term growth industry.TransAlta has a successful track record, as its annual Cash Available for Distribution (CAD) has more than tripled since 2014. Investors have benefited right alongside this growth. Since TransAlta’s initial public offering in 2013, the company has increased its annualized dividend by 4% per year.There is a long runway of growth up ahead, as the renewable energy transformation is still in the early stages. TransAlta’s future pipeline consists of 2,000 megawatts of capacity currently under evaluation. Separately, it also has 900 megawatts of additional capacity under consideration for on-site generation projects in the U.S., Canada and Australia.In the meantime, investors are rewarded with a hefty dividend currently near 6%. TransAlta has a modest net-debt-to-EBITDA ratio of 2.2x, reassuring investors that debt is not a major concern. * 10 Education Stocks to Buy for the Fall School Season With a projected dividend payout ratio of 65% in terms of 2020 expected adjusted funds from operation, we view TransAlta Renewable’s dividend as safe. Dream Industrial REIT (DREUF)Source: Shutterstock Dream Industrial REIT owns high-quality light industrial properties. The trust owns and operates a portfolio of 262 geographically diversified light industrial properties, which makes up ~26 million square feet of gross leasable area across Canada, with some operations in the United States. The trust’s portfolio includes roughly 63% of its gross leasable area in multi-tenant buildings and the remaining 37% in single-tenant buildings.Dream Industrial currently has a focus on driving occupancy and rental rates, furthering its leasing operations and internal growth. Occupancy stood at 96% as of the second quarter of 2020. Further, as of September 4, Dream Industrial had collected approximately 98% of recurring contractual gross rents due for the second quarter and July 2020 after adjusting for agreed-upon deferrals and Canada Emergency Commercial Rent Assistance.Similar to STAG Industrial, Dream Industrial is optimally positioned to benefit from emerging trends such as e-commerce, which has driven increased demand for industrial real estate properties. Approximately 43% of Dream Industrial’s property portfolio consists of distribution centers, with 39% of properties in urban logistics and the remaining 18% in light industrial properties.Dream Industrials’ focus on industrial properties seeing growing demand has paid off, as the company grew first-half Funds From Operation by 9.5% year-over-year, a highly impressive performance in an extremely challenging environment.One potential risk factor is the company’s elevated debt level. Its net-debt-to-adjusted-EBITDA ratio stood at 5.4x in the 2020 second quarter. While this is higher than investors would like to see, it represents a significant decline from 8.4x as recently as 2016.Fortunately, the company has limited maturities over the next several years, as well as an available $250 million credit facility to help shore up its liquidity.Dream Industrials stock has an attractive dividend yield above 6%. As long as FFO continues to grow due to increasing demand for e-commerce activity, the dividend appears secure. Choice Properties REIT (PPRQF)Source: Shutterstock Choice Properties invests in commercial real estate properties across Canada. The company has a high-quality real estate portfolio of over 700 properties, including retail, industrial, office, multi-family and development assets. Over 500 of Choice Properties’ investments are rented to their largest tenant Loblaw, Canada’s largest retailer.On July 20, Choice Properties released second-quarter results that showed resilience during a difficult operating environment. Funds From Operations, a highly crucial measure of cash flow for REITs, declined 19% from the same quarter last year. The decline in FFO per-diluted-unit was largely due to a higher weighted average number of units outstanding, as well as the disposition of a 30-property portfolio.The trust is also assisting smaller tenants with rent deferrals for 60 days as well as by participating in the Canada Emergency Commercial Rent Assistance program. Still, Choice Properties collected 89% of rents in the second quarter and 94% of rents in July, indicating that they are weathering the COVID-19 conditions relatively well.On an adjusted basis excluding various one-time items from the company’s financial results, Choice Properties generated FFO of $0.404 per share over the first six months of 2020. This sufficiently covered the company’s per-share dividend payout. Choice Properties maintained a dividend payout ratio of 91.6% in the 2020 first half. * 10 Education Stocks to Buy for the Fall School Season While this is a fairly high payout ratio, the dividend remained covered and if adjusted FFO continues to recover the dividend payout will decline in future periods. With a nearly 6% yield, Choice Properties is attractive for investors looking for high yields. Main Street Capital (MAIN)Source: Shutterstock Main Street Capital operates as a Business Development Company, which means it makes money by providing financing to privately-held companies. It focuses on lower middle-market companies, generally defined as those generating between $10 million and $150 million in annual revenue.As of June 30, Main Street’s investment portfolio consisted of 177 companies, with no individual investment representing more than 3.7% of total investment income. Main Street’s investments typically support management buyouts, recapitalizations, growth investments, refinancing and acquisitions.The over-arching business strategy for Main Street is to earn a high rate of profit on its investments and returning significant cash to its own shareholders through dividends. The company has never decreased its monthly dividend rate and in fact has grown the payout steadily over the years. For example, Main Street’s monthly dividend has increased 86% from $0.11 per share in 2007 to the current level of $0.205 per share.This is a particularly challenging time for Main Street. The coronavirus crisis has had an extremely negative impact on the global economy, which has also affected many of its portfolio investments. In addition, the low interest rate environment has also resulted in lower investment yields. These twin headwinds have resulted in poor performance to begin 2020. In the second quarter of 2020, Main Street’s distributable net investment income fell 19% year-over-year. On a per-share basis, distributable NII fell 22% to $0.52 per share.Over the first half of 2020, net investment income per share declined 18% from the same six-month period last year. The company paid dividends of $1.23 per share over the first half of the year, while generating NII-per-share of $1.04 in the same period. Therefore, coverage of the dividend has fallen below 100%, which poses a risk of a dividend cut.That said, there is reason to believe the worst is behind Main Street. Gradual reopening of the economy has led to significant improvement in economic conditions in recent months. And, Main Street has taken appropriate action to raise capital, such as a recent $125 million bond offering, to improve its liquidity in the near-term.Main Street’s dividend safety has been weakened by the coronavirus crisis, but assuming the worst is behind us, an improvement in net investment income could once again sufficiently cover the dividend. Main Street has an attractive dividend yield of 8%. Final ThoughtsThe coronavirus pandemic has wreaked havoc on the global economy. While the stock market has virtually recovered all of its losses from earlier in the year, the broader economy is by no means out of the woods. Therefore, investors should be more selective when picking high-yield stocks. There are never any guarantees when it comes to the stock market and while a continued downturn in the economy could jeopardize monthly dividend stocks’ dividend payments, we believe these seven monthly dividend stocks have sustainable payouts.On the date of publication, Bob Ciura did not have (either directly or indirectly) any positions in the securities mentioned in this article.Bob Ciura has worked at Sure Dividend since 2016. He oversees all content for Sure Dividend and its partner sites. Prior to joining Sure Dividend, Bob was an independent equity analyst. His articles have been published on major financial websites such as The Motley Fool, Seeking Alpha, Business Insider and more. Bob received a Bachelor’s degree in Finance from DePaul University and an MBA with a concentration in Investments from the University of Notre Dame. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America’s 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post 7 Monthly Dividend Stocks To Buy Now For Safe Payouts appeared first on InvestorPlace.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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Sixty-nine percent of Americans have no confidence in Trump on coronavirus vaccine, poll reveals

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Sixty-nine percent of Americans have no confidence in Trump on coronavirus vaccine, poll reveals
Sixty-nine per cent of Americans do not trust the president to assure them about the efficacy and safety of a coronavirus vaccine (AFP via Getty Images)

Despite president Donald Trump’s claims that a coronavirus vaccine will soon be available, new polling shows that a majority of Americans have no confidence in him to confirm that it is safe.

An ABC News/Ipsos poll released on Sunday shows that 69 per cent of Americans do not have confidence in the president vouching for the effectiveness of a vaccine — 53 per cent saying they have no confidence at all in him doing so.

Conversely, just nine per cent of Americans have a great deal of confidence in the president to confirm the effectiveness of a vaccine, and just 18 per cent have “a good amount” of confidence.

The president has insisted that a vaccine is close to being approved. On Friday he tempered some of his recent comments saying that there will be enough doses for every American by April.

Health experts, including Robert Redfield, director of the Centres for Disease Control and Prevention, have spoken of a timeline that makes a vaccine widely available in summer or autumn of 2021.

The president said he thought Mr Redfield had made “a mistake” and was “confused”.

Currently, 72 per cent of Americans are concerned that they, or someone they know, will be infected with Covid-19 — down from 77 per cent in July.

The poll also shows a decrease in the number of Americans that say they are likely to get inoculated by “a safe and effective coronavirus vaccine”. Since May there has been a 10 point fall from 74 per cent to 64 per cent.

This is due almost entirely to more Republicans saying that they are unlikely to get a vaccine. In May 75 per cent said that they would, and that figure has now dropped to 50 per cent. 80 per cent of Democrats say they will get the vaccine.

Neither candidate does especially well in polling as to whether they are trusted to confirm any vaccine’s effectiveness. Democrat Joe Biden performs better than the president with 41 per cent showing confidence in him, but this is against 52 per cent lacking confidence in him.

Respondents were asked which candidate they considered “more honest and trustworthy” no matter who they planned to vote for. Biden led with 58 per cent to Trump’s 39 per cent.

Understandably, Americans are more trusting of public health officials and institutions, but even then, recent accusations of government interference in data and reporting may have hit levels of confidence.

Dr Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, and the CDC have the confidence of 62 per cent and 61 per cent of respondents.

The Food and Drug Administration (57 per cent), Department of Health and Human Services (53 per cent), and World Health Organisation (53 per cent) also all fared well in the poll.

Drug companies performed less well, with 52 per cent saying that they do not have confidence in them.

Polling was conducted between 18-19 September from a nationally representative probability sample of 528 adults.

There have been almost 6.8 million confirmed cases of Covid-19 in the US to date and 200,000 officially recorded deaths.

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Christine founded Sports Grind Entertainment with an aim to bring relevant and unaltered Sports news to the general public with a specific view point for each story catered by the team. She is a proficient journalist who holds a reputable portfolio with proficiency in content analysis and research.

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