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Trump Disapproval Rate Hits Career-High - War And Rising Costs Take Toll
Though tempered by the prospect of additional GOP gerrymandering of House districts in the wake of a pivotal Supreme Court decision, Democrats' hopes for a rout of Republicans in the approaching midterm elections are rising after a Washington Post-ABC News-Ipsos poll found that President Trump's disapproval rating is now the highest of either of his two terms in office. Trump's decision to launch a war on Iran is taking a toll -- voters are not only dismayed by his handling of Iran, but also dissatisfied with his work on the economy, which is itself being harmed by the war.
In a survey of US adults taken in the last week of April, 62% said they disapprove of his general performance in the Oval Office. A whopping 76% disapprove of his handling of the cost of living and 66% disapprove of what he's done with Iran. A majority of Americans surveyed expressed disapproval of his handling of every issue covered by the survey.
via ABC NewsWhile 85% of Republicans approve of his performance, the share who strongly approve fell to 45% -- that's down 8% since September and is a new Trump low. Perhaps more importantly, his approval among Republican-leaning independents is also at a new low of 56%. Overall, just 25% of independents approve of his performance.
Trump also scored terribly on some personal attributes. For example, 71% said the descriptors "honest and trustworthy" are not applicable to Trump, while 67% said Trump does not "carefully consider important decisions." Meanwhile, 59% said he lacks the "mental sharpness" required of his position.
The poll provides a little insight into the upcoming midterm races. Today, Republicans have a slim, 3-seat margin of control of the House of Representatives. Asked if they would vote for a Democrat or Republican candidate if the House election were held today, 49% said they would for a Democrat, compared to 44% who would choose a Republican. At the same point in the 2022 midterms, that question yielded a 42-42 tie, with the GOP proceeding to win the House when votes were cast six months later, securing a 222 - 213 margin in seats (a 9-seat pickup for the Republicans). As for intended turnout, 79% of registered Democrats say they are "absolutely certain" they'll vote, compared to 72% of Republicans -- a 7-point improvement on the GOP turnout expectation recorded in a February survey.
Vance had higher approval and disapproval ratings than Rubio -- as more survey participants shrugged at the Rubio performance questionLooking at the big picture, 67% of Americans said the country is moving in the wrong direction. Here, there's a vast difference among parties: 94% of Democrats felt that way, compared to 25% of Republicans. As a general caveat, we'll note that -- since more and more Americans identify as independent -- party results are growing less meaningful. A hefty 78% of independents say the country is heading south.
Finally, the poll had some incidental insights for those looking ahead to the 2028 presidential race. While participants weren't asked about that contest, they were asked to rate the job performance of various Trump administration officials, including two potential GOP contenders: Vice President JD Vance and Secretary of State Marco Rubio. They came out with similar approval ratings -- 35% for Vance and 33% for Rubio -- but Vance had a 48% disapproval rating, compared to 40% for Rubio. The remainder of respondents had no opinion.
Tyler Durden Mon, 05/04/2026 - 07:45The bad blood that fuels what promises to be a ferocious Knicks-Sixers duel
Princess Eugenie reveals she’s pregnant with third child in return to social media after dad Andrew scandal
Princess Eugenie reveals she’s pregnant with third child in return to social media after dad Andrew scandal
Three dead, more than a dozen injured in fire at Manhattan building
Norwegian Cruise Cuts Outlook On Gulf Disruptions, Fuel Shock
Norwegian Cruise Line Holdings shares fell in premarket trading in New York after the cruise ship operator lowered its full-year 2026 outlook, as disruptions in the Middle East, higher diesel costs, and softer travel demand in Europe weighed on first-quarter bookings.
"The Company is experiencing headwinds related to disruptions in the Middle East, including higher fuel expense and signs of softer demand as consumers reevaluate travel plans, particularly to Europe," Norwegian Cruise wrote in a press release.
It continued, "As previously noted, the Company entered 2026 behind its targeted booking curve, and these headwinds have hindered the Company's ability to accelerate bookings and close that gap," adding, "These external pressures come as the Company continues to enhance its revenue management system and improve execution, resulting in additional pressure on the business and a reduction in its full-year guidance."
Norwegian Cruise now expects adjusted EPS of $1.45 to $1.79, down from its prior forecast of $2.38 and well below the Bloomberg Consensus estimate. The downgraded outlook reflects, as management noted above, higher fuel prices, weaker European travel demand, and softer-than-expected bookings across all three of its brands.
Here's a snapshot of the full-year outlook (courtesy of Bloomberg):
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Sees adjusted EPS $1.45 to $1.79, saw about $2.38, estimate $2.13
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Sees adjusted Ebitda $2.48 billion to $2.64 billion, saw $2.95 billion, estimate $2.79 billion
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Sees depreciation and amortization $1.09 billion, saw $1.09 billion, estimate $1.08 billion
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Sees net yields -3% to -5%
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Sees Constant currency net yields about -3% to -5%
Norwegian Cruise's second-quarter forecast also missed the Bloomberg Consensus, reinforcing all the concerns management noted above.
Here's a snapshot of the second-quarter outlook (courtesy of Bloomberg):
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Sees adjusted EPS 38c, estimate 53c (Bloomberg Consensus)
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Sees adjusted Ebitda about $632 million, estimate $700.6 million
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Sees occupancy about 102.5%, estimate 105.9%
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Sees depreciation and amortization about $275 million, estimate $266.8 million
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Sees net yields about -3.6%
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Sees Constant currency net yields about -3.6%
Management provided more color on the current booking environment:
The Company remains below its optimal booking range following certain execution missteps, exacerbated by softer demand related to heightened geopolitical uncertainty. Recent events related to the conflict in the Middle East have impacted bookings across all three brands, especially in Europe during the summer season. While the near-term environment remains challenging, the Company is taking targeted actions to better align commercial strategy, including marketing, with deployment and revenue management, with the benefits of these actions expected to materialize gradually over time.
Shares of Norwegian Cruise fell more than 5% in premarket trading. For the year, as of Friday's close, shares were down about 16%. Short interest in the stock stands at 12.33% of the float, or about 56 million shares, with 2.9 days to cover. Overall, shares are still trading near Covid-era lows.
In the transportation space, the Gulf energy shock derailed Spirit Airlines' ability to reemerge from bankruptcy, with all flights canceled over the weekend and operations ceasing
Tyler Durden Mon, 05/04/2026 - 07:20