David O'Brien
5.9K posts

David O'Brien
@David_OBrien23
Commercial Fleet Solutions Hunting/Fishing. GO VOLS. Views are my own

Mamdani: When I ran for mayor, I said I was going to tax the rich Well, today we're taxing the rich...



September, 2025. Hakeem Jeffries spends over a minute praising the character and integrity of his good friend Eric Swalwell. Jeffries said that unlike extreme MAGA Republicans, Swalwell is a man of law and order. Jeffries and Pelosi had both been briefed years earlier by the FBI on Swalwell's history with a Chinese spy. They both chose to ignore the warnings because Swalwell is a partisan fool and will go on TV and say absolutely anything they want him to say. If Jeffries and Pelosi had acted responsibly years ago with respect to Swalwell, perhaps he wouldn't have been able to sexually assault (allegedly) so many women.






Nike wiped out $200B+ in market cap since November 2021. And the chart actually understates how bad it is. This company made one bet that destroyed everything: the direct-to-consumer pivot. During COVID, Nike's online sales surged, and management convinced themselves the stay-at-home economy was permanent. They pulled product from Foot Locker, Dick's, and thousands of wholesale partners to push buyers through Nike.com and Nike stores. That ceded physical shelf space to On Running, Hoka, New Balance, and every competitor happy to fill the void. By the time Nike brought Elliott Hill in as CEO, customers had already moved on. The China numbers are staggering. Seven straight quarters of declining revenue. Greater China sales dropped 17% last quarter. Next quarter Nike expects a 20% plunge. Meanwhile Lululemon is posting double-digit growth in the same market. Anta and Li-Ning are eating Nike's share from below. Nike's China revenue contribution fell from 18.6% in 2021 to 14.2% in 2025. Yesterday Goldman Sachs, JPMorgan, and Bank of America all downgraded the stock on the same day. Net income fell 35% year over year. Gross margin has declined for seven consecutive quarters. And the stock still trades at 38x forward earnings, a premium over the S&P 500 average of 22x. This is what a slow-motion brand collapse looks like with a luxury multiple attached to it. The turnaround keeps getting pushed further out. Management promised growth by early 2027. Wall Street priced that in. Now it's late 2027 at best. The scariest part: Nike is still the #1 sportswear company by market cap. If this is what #1 looks like, the rest of the industry is running a different race entirely.




Six fouls on Tennessee in the last 2:05.

🚨 JUST IN: Stephen Miller lays it out PERFECTLY Imagine a "native Minnesotan who works as a lineman...worried about his ability to support for and provide his family." "And then imagine that he has a neighbor who's a SOMALI REFUGEE who arrived two years ago and has a Mercedes and NO financial stress and no worries at all in the entire world and never seems to ever go to work at all because he just went to an office in the state, lied on a piece of paper, and got unlimited free money forever for life!" "THAT is the system that is being run and that is the corruption that this task force under the leadership of the Vice President is going to demolish." @StephenM





