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Democratic Illinois Gov. JB Pritzker accused President Donald Trump of being too incompetent to lead the country because he suggested the Federal Aviation Administration’s (FAA) prioritization of diversity, equity and inclusion (DEI) played a role in the tragic Washington, D.C., aircraft collision on Wednesday.

‘We face the unfortunate reality that we must be honest with the nation about: Donald Trump is unfit to lead during moments of crisis like this,’ Pritzker said in a statement Thursday night. 

The blue state governor, whom Trump evoked on the campaign trail as an example of the downfall of Democrat-run states, urged the Trump administration to respond to the American Airlines crash with ‘information and facts to instill confidence in our nation’s aviation safety.’

‘Before victims have even been identified, Trump is blaming people with disabilities,’ Pritzker said, referring to FAA DEI hiring practices. ‘He’s blaming the U.S. service members in the Blackhawk helicopter. He’s blaming hiring programs he can’t even name or offer examples of. The buck stops with him — yet he is failing to demonstrate his role as protector of the American people and head of our government.’

The second-term governor is among the long list of Democrats considering a 2028 presidential run. Pritzker has seized opportunities over the past two weeks to play a leadership role in Democrat opposition to Trump, refusing, for example, to follow Trump’s executive order ending birthright citizenship. 

Pritzker’s comments Thursday were the latest in a long-standing feud between the two. 

‘Sloppy J.B. Pritzker… has presided over the destruction and disintegration of Illinois at levels never seen before in any State,’ Trump wrote on Truth Social in June. ‘Crime is rampant and people are, sadly, fleeing Illinois. Unless a change is made at the Governor’s level, Illinois can never be Great Again!’

Trump’s attacks have veered into the ad hominem, labeling Pritzker a ‘rotund Governor from the once great State of Illinois, who makes Chris Christie look like a male model.’

In his statement, Pritzker demanded the Trump administration answer his ‘critical questions,’ including why the control tower was not fully staffed during the crash; why the Trump administration fired members of the Aviation Security Advisory Committee; whether the president now understands fully staffing federal agencies is a ‘matter of life and death’; and whether he plans to reverse federal workforce cuts. 

Pritzker questioned whether Elon Musk played a role in the removal of the former FAA director; why a replacement for FAA director was not named until after the crash; whether the federal government authorized the Blackhawk helicopter to fly on a commercial flight path; and if the government will continue allowing helicopters to fly at the same altitude as commercial planes.

‘Will the President, Vice President, Defense Secretary, and Transportation Secretary cooperate with the independent NTSB investigation and correct any misinformation they spread about the crash?’ Pritzker demanded to know.

Trump on Thursday listed headlines about Biden-era FAA DEI hiring that he suggested weakened the agency.

‘Here’s one,’ Trump said in the White House briefing room. ‘The FAA’s diversity push includes focus on hiring people with severe intellectual and psychiatric disabilities. That is amazing. And then it says the FAA says people with severe disabilities, the most underrepresented segment of the workforce, and they want them in. They can be air traffic controllers. I don’t think so.’

‘This was on January 14th, so that was a week before I entered office,’ Trump said, seeking to push blame onto the Biden administration. ‘They put a big push to put diversity into the FAA’s program.

Trump then expanded his list of conditions allowed among controllers: ‘Hearing, vision, missing extremities, partial paralysis, complete paralysis, epilepsy, severe intellectual disability, psychiatric disability, and dwarfism.’

The president drew a stark contrast between Democratic policies and his own first-week executive orders that halted DEI programs in the federal government and restored ‘the highest standards of air traffic controllers.’

‘Brilliant people have to be in those positions,’ he stated.

When asked how he came to the conclusion that diversity had something to do with the crash, the president said, ‘Because I have common sense.’

Pritzker is not the only potential 2028 Democratic presidential contender who took issue with Trump’s comments. After Trump called former Transportation Secretary Pete Buttigieg a ‘disaster,’ Buttigieg, a 2020 Democratic primary candidate, called Trump’s comments ‘despicable.’

‘As families grieve, Trump should be leading, not lying,’ he wrote on X. ‘We put safety first, drove down close calls, grew Air Traffic Control, and had zero commercial airline crash fatalities out of millions of flights on our watch. President Trump now oversees the military and the FAA. One of his first acts was to fire and suspend some of the key personnel who helped keep our skies safe.’

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Since taking office, President Donald Trump and his administration have become the target of multiple lawsuits over the president’s agenda and policies. 

The Trump White House has faced numerous legal challenges, including deportation policies, an executive order to end birthright citizenship and a directive to freeze federal funding.

Birthright citizenship 

On the day of his inauguration, Trump signed an executive order ending birthright citizenship for children of illegal immigrants, with many legal experts arguing that the right is enshrined in the Constitution under the 14th Amendment.

‘The privilege of United States citizenship is a priceless and profound gift,’ Trump says in the order, titled, ‘Protecting the Meaning and Value of American Citizenship.’

The American Civil Liberties Union (ACLU) filed a lawsuit against the Trump administration that same day ‘on behalf of organizations with members whose babies born on U.S. soil will be denied citizenship under the order.’ The ACLU also claimed the order is unconstitutional and against congressional intent and Supreme Court precedent.

Eighteen Democrat-led states then launched their own lawsuit, also claiming the order is unconstitutional and ‘unprecedented.’ 

‘The President has no authority to rewrite or nullify a constitutional amendment or duly enacted statute. Nor is he empowered by any other source of law to limit who receives United States citizenship at birth,’ the lawsuit reads.

Attorneys general from New Jersey, Massachusetts, California, Colorado, Connecticut, Delaware, Hawaii, Maine and others signed on to the suit, along with the city and county of San Francisco, Calif., and Washington, D.C.

A U.S. district judge also temporarily blocked Trump’s order in a separate lawsuit filed by the states of Arizona, Illinois, Oregon and Washington, describing the action as ‘blatantly unconstitutional.’

Mass deportations

Several Chicago sanctuary city groups filed a lawsuit against the Trump administration over its mass deportation policy, saying it violates their First Amendment rights. 

The suit, filed by Brighton Park Neighborhood Council, Organized Communities Against Deportations, Illinois Coalition for Immigrant and Refugee Rights Inc., and Raise the Floor Alliance, states that ‘the threat of ICE agents flooding into communities has already impacted Chicagoans and chilled their rights to freely exercise their religion and assemble.’

Ending DEI policies

Trump also signed an executive order ending all federal diversity, equity and inclusion (DEI) programs. On Monday, the president signed an order stating that the ‘adoption of a gender identity inconsistent with an individual’s sex conflicts with a soldier’s commitment to an honorable, truthful, and disciplined lifestyle, even in one’s personal life.’

Six transgender military members filed suit against the Trump administration, arguing that the order is unconstitutional and violates the Equal Protection component of the Fifth Amendment.

‘Rather than being based on any legitimate governmental purpose, the ban reflects animosity toward transgender people because of their transgender status,’ the suit claims. 

Freezing federal aid funding 

The Office of Management and Budget issued a memo on Monday with a directive to pause all federal grants and loans aiming to eradicate ‘wokeness’ and the ‘weaponization of government’ in an effort to improve government efficiency. The memo claims that nearly $3 trillion was spent in 2024 on such assistance programs. 

The White House shortly thereafter insisted that the freeze did not affect programs such as Social Security, Medicare or other entitlement payments.

Alongside Senate Democrats announcing a coordinated response with Democratic governors, blue state attorneys general, along with advocacy and non-profit groups, filed their own suits over the directive. 

On Tuesday, New York Attorney General Letitia James led a coalition of 22 other attorneys general suing to stop the implementation of the memo.

Likewise, a handful of non-profit organizations and health associations, including a LGBTQ+ advocacy group, filed a lawsuit Tuesday over the directive.

A federal judge on Tuesday imposed a stay on Trump’s action, delaying it until Monday.

Fox News Digital’s Adam Shaw, Breanne Deppisch and Chris Pandolfo contributed to this report. 

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President Donald Trump’s envoy for special missions, Richard Grenell, has traveled to Venezuela to deliver an in-person message to socialist dictator Nicolás Maduro about accepting violent criminals deported from the United States.

On a call with reporters Friday, Mauricio Claver-Carone, the U.S. special envoy to Latin America, said Grenell will tell Maduro to take back all the Venezuelan criminals and Tren de Aragua gang members that have been ‘exported to the United States, and to do so unequivocally and without condition.’ 

Grenell will also demand that Veneuzeula immediately release American hostages being held in that country, Claver-Carone said.

The trip ‘focuses on two very specific issues. That we expect that Venezuelan criminals and gangs will be returned, as they are, to every country in the world, without conditions, and two, that American hostages need to be released immediately, unequivocally,’ he explained. 

‘This is not a quid pro quo. It’s not a negotiation in exchange for anything. President Trump himself has made that very clear.’ 

White House press secretary Karoline Leavitt confirmed Friday that Grenell had arrived in Venezuela on orders from the president. 

Despite widespread belief among Venezuelans and much of the international community that Maduro lost the 2024 Venezuelan presidential election to opposition candidate Edmundo González Urrutia, he was sworn into his third six-year term earlier this month.

The U.S. does not recognize Maduro as the legitimate head of state of Venezuela.

Opposition leader María Corina Machado has called on Venezuelan citizens to protest the Maduro regime and demand that González be installed as the rightful president of Venezuela.

As many as 10 Americans are currently detained in Venezuela, although the State Department has not declared them wrongfully detained. Three are U.S. citizens who allegedly participated in a plot to destabilize the country, according to Venezuelan Interior Minister Diosdado Cabello.

The State Department has denied any U.S. involvement with a plot to overthrow Maduro. 

It remains unclear how many Americans are currently held in Venezuela following the significant prisoner swap in 2023 when Washington and Caracas negotiated the release of dozens of prisoners, including 10 Americans, in exchange for Colombian businessman Alex Saab, a close ally of Maduro.

Saab was arrested during the first Trump administration on charges related to a $350 million bribery scheme. 

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A documentary about bridging the political divide in one of the most hotly contested battleground counties in the United States debuted at the Sundance Film Festival this week, leading some to conclude that the historically liberal festival is moving toward the center. 

‘One of the things that is fascinating about ‘Bucks County, USA’ being chosen as an official selection at Sundance is it appears, in the era of Trump being re-elected, the well-known left-leaning Sundance Film Festival is moving to the middle,’ Paul Martino said. ‘There is a new openness to dialogue,’ 

Martino, the founder of Bullpen Capital, told Fox News Digital about the documentary series ‘Bucks County, USA’ being screened at Sundance, a Utah festival known for screening films promoting liberal causes and being a place for anti-Trump demonstrations.

Martino, who is featured in the film, told Fox News Digital that the five-part docuseries is ‘all about the political divisions that happen in the United States focused on where I live, Bucks County, USA.’

It is about all of the post-COVID policies and all of the things that happened at the school board level once a lot of the parents’ rights movement started, and the film dives into a lot of detail about the political division that happened, and it focuses, ironically, on the friendship of my daughter and her best friend, who is what I would describe as my political rival’s daughter,’ Martino explained. 

Martino, a conservative, told Fox News Digital walking around Sundance was a ‘fascinating’ experience and that he encountered many people who seemed to be open to the movie’s message of listening to the other side.

‘Obviously, it is a rather left-leaning crowd in general. But even the people behind Sundance, the people who pick the films this year, said that they felt this film, ‘Bucks County, USA,’ was very important because it was in a Trump re-elected era,’ Martino said. 

‘Understanding and speaking to the other side and understanding who the other side is is important.

‘One of the amazing stories told by one of the filmmakers at Sundance was there’s a guy sitting next to me in a MAGA hat who I would have never talked to on the plane had I not made this movie and realized he had a lot to say to me. And the fact that this film affected even the filmmakers, I think, is a really interesting and important lesson for the rest of the country.’

While many people at Sundance were receptive to the film, Martino told Fox News Digital he did encounter some opposition from people at a question-and-answer session after the screening. 

I would say one of the only disappointments of the experience was I felt that some people in the crowd, you know, it’s an honor to be in the Q&A at the end of the series and, look, we had everybody up there. We had people who really don’t like each other, who disagree vehemently, and I think it was lost on the audience that all of us were standing there,’ Martino said. 

‘The fact that we all agreed to be part of this, the fact that we were all there and I got asked a question or two that were directed in my direction that I felt were a little bit inflammatory and I kind of chuckled to myself thinking, ‘Did you just watch the movie? And did you just see the fact that we’re all here? Maybe you missed a little something there.”

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Terror group Hamas has released two more hostages, with a third, an American-Israeli citizen Keith Siegel, expected to be freed later Saturday as part of the ceasefire agreement with Israel. 

Hamas handed over Ofer Kalderon and Yarden Bibas to the Red Cross, and both were expected to be given over to IDF soldiers. 

Siegel, 65, was raised in North Carolina and immigrated to Israel as a young man, becoming a dual U.S.-Israeli citizen. He and his wife, Aviva, settled in Kibbutz Kfar Aza. He had been held in Gaza since October 7, 2023, when both were kidnapped from their home during the Hamas massacre. 

Aviva Siegel, who was freed in the last hostage deal in November, previously told Fox News about her fears for his deteriorating health, emphasizing that the fight is not over until all hostages return. Alongside Siegel, French-Israeli Ofer Kalderon and Yarden Bibas were also freed. Bibas’ wife and two young children remain in captivity.

Siegel would be the first American freed under the current ceasefire deal. So far, 10 Israeli hostages and five Thai nationals abducted on October 7 have also been released. Six Americans remain in Gaza. Among them, Sagui Dekel-Chen, a 36-year-old father of three, is expected to be freed soon. Another captive, Edan Alexander, 21, from New Jersey, was serving in the IDF when taken. Hamas also holds the bodies of deceased hostages.

Securing the release of U.S. citizens and other hostages remains a top priority for President Donald Trump, who warned Hamas would face ‘all hell to pay’ if they failed to comply. White House envoy Steve Witkoff, closely monitoring the situation, recently became the first U.S. official to visit Gaza in 15 years. ‘There is almost nothing left of Gaza,’ Witkoff told Axios, estimating that full reconstruction could take 10 to 15 years. He stressed that advancing the hostage deal is key to stabilizing the region and broader diplomatic efforts, including Saudi-Israeli normalization talks.

For the families of those still in captivity, the struggle is far from over. Yechi Yehoud, father of released hostage Arbel Yehoud who was released on Thursday, delivered an emotional statement upon his daughter’s return. 

‘Arbel has come back to us in reasonable health, considering the hell she endured. She survived heroically until the very end, displaying immeasurable courage. We are here also to express our gratitude to President Trump, and his Middle East Special Envoy Mr. Steve Witkoff, who knew how to speak ‘Trump language’ in the Middle East and leverage full diplomatic pressure for the hostages’ return… We won’t rest until we know they’re back with us, alive!’

The ceasefire, which has temporarily halted a brutal 15-month war, is unfolding in phases. Each stage involves the staggered release of Israeli hostages in exchange for Palestinian prisoners and increased humanitarian aid into Gaza. However, the process has faced setbacks, including horrific scenes this week when Hamas paraded hostages before an angry mob, endangering their safety. The chaotic handover to the Red Cross sparked outrage in Israel. Prime Minister Benjamin Netanyahu briefly halted the reciprocal release of Palestinian prisoners, warning Hamas against further disruptions.

The current plan includes additional hostage releases in the coming weeks, with 33 captives expected to be freed over six weeks. In return, Israel will release 2,000 Palestinian security prisoners, including 250-300 convicted of deadly attacks, and allow increased humanitarian aid into Gaza. Whether Hamas will fully comply remains uncertain, putting the fragile truce at risk.

Amid high-stakes ceasefire negotiations, Netanyahu has accepted an invitation from President Trump to visit Washington on February 4, making him the first foreign leader to meet Trump in his second term. The visit will focus on the hostage deal, ceasefire discussions, and broader security concerns, including Iran and Gaza’s reconstruction.

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Following a meeting with Venezuelan President Nicolás Maduro in Caracas to discuss, in part, the release of Americans being held in the country, Richard Grenell, President Donald Trump’s envoy for special missions announced on X Friday night that he was returning to the U.S. with six of them.

‘They just spoke to @realDonaldTrump and they couldn’t stop thanking him,’ Grenell said in his post without identifying the six men, four of whom were dressed in light-blue Venezuelan prison outfits.

It’s been reported that at least nine Americans have been held by Venezuela where Maduro’s officials have accused most of them of being involved in terrorism or acting as ‘mercenaries.’

On a call earlier on Friday with reporters, Mauricio Claver-Carone, the U.S. special envoy on Latin America, said that ‘American hostages need to be released immediately, unequivocally.’

But he added that ‘this is not a quid pro quo. It’s not a negotiation in exchange for anything. Trump himself has made that very clear.’

The Venezuelan government said in a statement that the meeting between Maduro and Grenell at the presidential palace ‘took place with mutual respect and diverse issues of interest to both countries were discussed,’ including about migration, sanctions and detained Americans, as Reuters reported.

Less than a month ago, Maduro was sworn in for a third six-year term as Venezuela’s president. However, the U.S. government does not recognize him as the country’s legitimate head of state and instead believes that Edmundo González, the opposition coalition candidate, won the recent election by more than a two-to-one margin.

At the Oval Office on Friday, Trump said that he is ‘a very big opponent of Venezuela and Maduro.’

‘They’ve treated us not so good. But they’ve treated, more importantly, the Venezuelan people very badly.’

Grenell’s hours-long Friday visit to Venezuela was also intended to compel Maduro to accept the return of some 400 members of the Venezuelan Tren de Aragua gang, which the country’s attorney general, Tarek Saab, has said was dismantled in 2023.

The deportations need to occur ‘without conditions’ and was ‘non-negotiable,’ said Claver-Carone.

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President Donald Trump’s envoy for special missions, Richard Grenell, has traveled to Venezuela to deliver an in-person message to socialist dictator Nicolás Maduro about accepting violent criminals deported from the United States.

On a call with reporters Friday, Mauricio Claver-Carone, the U.S. special envoy to Latin America, said Grenell will tell Maduro to take back all the Venezuelan criminals and Tren de Aragua gang members that have been ‘exported to the United States, and to do so unequivocally and without condition.’ 

Grenell will also demand that Venezuela immediately release American hostages being held in that country, Claver-Carone said.

The trip ‘focuses on two very specific issues. That we expect that Venezuelan criminals and gangs will be returned, as they are, to every country in the world, without conditions, and two, that American hostages need to be released immediately, unequivocally,’ he explained. 

‘This is not a quid pro quo. It’s not a negotiation in exchange for anything. President Trump himself has made that very clear.’ 

White House press secretary Karoline Leavitt confirmed Friday that Grenell had arrived in Venezuela on orders from the president. 

Despite widespread belief among Venezuelans and much of the international community that Maduro lost the 2024 Venezuelan presidential election to opposition candidate Edmundo González Urrutia, he was sworn into his third six-year term earlier this month.

The U.S. does not recognize Maduro as the legitimate head of state of Venezuela.

Opposition leader María Corina Machado has called on Venezuelan citizens to protest the Maduro regime and demand that González be installed as the rightful president of Venezuela.

As many as 10 Americans are currently detained in Venezuela, although the State Department has not declared them wrongfully detained. Three are U.S. citizens who allegedly participated in a plot to destabilize the country, according to Venezuelan Interior Minister Diosdado Cabello.

The State Department has denied any U.S. involvement with a plot to overthrow Maduro. 

It remains unclear how many Americans are currently held in Venezuela following the significant prisoner swap in 2023 when Washington and Caracas negotiated the release of dozens of prisoners, including 10 Americans, in exchange for Colombian businessman Alex Saab, a close ally of Maduro.

Saab was arrested during the first Trump administration on charges related to a $350 million bribery scheme. 

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Nearly three months after Democrats’ major setbacks up and down the ballot in the 2024 elections, the party gathers on Saturday to choose new leadership.

It’s the Democratic National Committee’s (DNC) first formal step to try and emerge from the political wilderness and rebound in upcoming elections after President Donald Trump recaptured the White House and Republicans flipped the Senate, held onto their fragile majority in the House and made major gains with working-class, minority and younger voters.

And with no clear leader in the party, the next DNC chair will become the de facto face of Democrats from coast to coast and will make major decisions on messaging, strategy, infrastructure and where to spend millions in political contributions.

‘It’s an important opportunity for us to not only refocus the party and what we present to voters, but also an opportunity for us to look at how we internally govern ourselves,’ longtime New Hampshire Democratic Party Chair Ray Buckley told Fox News.

Buckley, a former DNC vice chair, said he’s ‘very excited about the potential of great reform within the party.’ And he emphasized he hoped for ‘significantly more support for the state parties. That’s going to be a critical step towards our return to majority status.’

Eight candidates are vying to succeed DNC Chair Jaime Harrison, who decided against seeking a second straight four-year term steering the national party committee.

The next chair, as well as vice chairs and other officers, will be chosen by the roughly 450 DNC voting members gathered for the party’s winter meeting, which is being held this year at National Harbor just outside Washington, D.C.

Minnesota Democratic-Farmer-Labor Party Chair Ken Martin, a DNC vice chair who has led the association of state Democratic Party chairs, is considered to be the frontrunner for chair heading into Saturday’s election, with Wisconsin Chair Ben Wikler close behind. 

Martin recently told Fox News Digital that if he becomes chair, the first thing he would do is ‘figure out a plan to win. And we need to start writing that plan, making sure we’re looking underneath the hood. How much money do we have at the party? What are the contracts? What contracts do we need to get rid of? And, frankly, bringing all of our stakeholder groups together. That’s the biggest thing.’

Wikler, in a Fox News Digital interview, emphasized that the party needs to show voters ‘that we’re fighting for them against those who would try to rig the economy for those at the very top and deliver that message in places where people aren’t paying attention to politics much. But they know what they’re struggling with in their own lives.’

Wikler, who pointed to the success of Democrats in his home state, a crucial battleground, added, ‘That means communicating in clear language in a way that shows people that we see them. And with our actions showing that we’re fighting for them to bring costs down and make sure that working people have a fair shot in this country.’

Also considered competitive is Martin O’Malley, the former two-term Maryland governor and 2016 Democratic presidential candidate who served as commissioner of the Social Security Administration during former President Biden’s last year in office.

O’Malley told Fox News Digital he’s running for DNC chair ‘because I love my country, and the only way we’re going to save the Republic is if the Democratic Party gets itself battle-ready as quickly as possible.’ 

Pointing to his past steering the Democratic Governors Association, he noted, ‘I’m the only candidate that’s actually chaired a national committee — the Democratic Governors — and I’m the only candidate that’s actually run for office and been elected to office, city council, mayor, governor. And we need to recruit people all across the ballot in order to bring our party back.’

Among the longer-shot candidates for chair are late entry Faiz Shakir, who ran the 2020 Democratic presidential campaign of progressive champion Sen. Bernie Sanders of Vermont, and Marianne Williamson, who ran unsuccessfully for the 2020 and 2024 Democratic presidential nominations.

‘This party’s not going to rise up unless there’s some deeper honesty,’ Williamson told reporters Thursday after the final chair election forum, as she took aim at the Democrats’ establishment.

The debate during the three-month DNC campaign sprint has mostly focused on the logistics of modern political campaigns, such as media strategy and messaging, fundraising and grassroots organizing and get-out-the-vote efforts. On those nuts-and-bolts issues, the candidates are mostly in agreement that changes are needed to win back blue-collar voters who now support Republicans.

But the final forum included a heavy focus on systemic racism and diversity, equity and inclusion (DEI) programs, issues that appeared to hurt Democrats at the ballot box in November.

And the forum, moderated and carried live on MSNBC and held at Georgetown University in Washington, D.C., devolved into chaos early on as a wave of left-wing protesters repeatedly interrupted the primetime event, heckling over concerns of climate change and billionaires’ influence in America’s elections before they were forcibly removed by security.

The chair election comes as a new national poll spells more trouble for the Democrats.

Only 31% of respondents in a Quinnipiac University survey conducted over the past week had a favorable opinion of the Democratic Party, with 57% seeing the party in an unfavorable light.

‘This is the highest percentage of voters having an unfavorable opinion of the Democratic Party since the Quinnipiac University Poll began asking this question,’ the survey’s release noted. 

Meanwhile, 43% of those questioned had a favorable view of the GOP, with 45% holding an unfavorable opinion, which was the highest favorable opinion for the Republican Party ever in Quinnipiac polling.

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Shares of United Parcel Service plunged more than 15% Thursday after the company issued weak revenue guidance for the year and said it planned to cut deliveries for Amazon, its largest customer, by more than half.

The shipping giant said in its fourth-quarter earnings report that it “reached an agreement in principle with its largest customer to lower its volume by more than 50% by the second half of 2026.”

At the same time, UPS said it is reconfiguring its U.S. network and launching multiyear efficiency initiatives that it expects will result in savings of approximately $1 billion.

UPS CEO Carol Tome said on a call with investors that Amazon is UPS’ largest customer, but it is not the company’s most profitable customer. “Its margin is very dilutive to the U.S. domestic business,” she added.

“We are making business and operational changes that, along with the foundational changes we’ve already made, will put us further down the path to become a more profitable, agile and differentiated UPS that is growing in the best parts of the market,” Tome said in a statement.

Amazon spokesperson Kelly Nantel told CNBC in a statement that UPS had requested a reduction in volume “due to their operational needs.”

“We certainly respect their decision,” Nantel said in a statement. “We’ll continue to partner with them and many other carriers to serve our customers.”

Amazon said before the UPS announcement that it had offered to increase UPS’ volumes.

UPS forecast 2025 revenue of $89 billion, down from revenue of $91.1 billion in 2024. That is well below consensus estimates for 2025 revenue of $94.88 billion, according to analysts polled by LSEG.

For the fourth quarter, UPS missed on revenue, reporting $25.30 billion versus $25.42 billion analysts anticipated in a survey by LSEG.

Amazon has long relied on a mix of major carriers for deliveries, including UPS, FedEx and the U.S. Postal Service. But it has decreased the number of packages sent through UPS and other carriers in recent years as it looks to have more control over deliveries.

Amazon has rapidly built up its own logistics empire since a 2013 holiday fiasco left its packages stranded in the hands of outside carriers. The company now oversees thousands of last-mile delivery companies that deliver packages exclusively for Amazon, as well as a budding in-house network of planes, trucks and ships. By some estimates, Amazon’s in-house logistics operations have grown to rival or exceed the size of major carriers.

UPS has, for its part, taken more aggressive cost-control measures, including catering to more profitable delivery customers. On the investor call, Tome highlighted health care; small business; international; and business-to-business, or B2B, as “the best parts of the market” that it has leaned into more heavily. In recent quarters, UPS has benefited from an influx of volume from bargain retailers Temu and Shein, which have rapidly gained popularity in the U.S.

Last January, UPS laid off 12,000 employees as part of a bid to realize $1 billion in cost savings.

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Sports bar chain Twin Peaks starts trading Thursday on the Nasdaq using the ticker “TWNP,” making it the first restaurant initial public offering of the new year and a potential litmus test for others looking to go public.

The IPO market has been tepid for several years, particularly for consumer companies. Soaring inflation, higher interest rates, cautious consumers and the risk of lower valuations scared many companies away from going public. Market conditions meant that some companies chose to seek a sale rather than trying their luck with the public markets. Even the rare success, like Cava’s IPO, didn’t convince others to follow its path.

But many are hopeful that the IPO market will thaw this year.

“Last year was a stronger year than 2023, and we’re expecting 2025 to have more IPOs than 2024,” said Nick Einhorn, vice president of research for Renaissance Capital, a provider of pre-IPO research and IPO-focused ETFs. “That could certainly include more consumer IPOs.”

Twin Peaks won’t be the first consumer company to make the leap this year — and that debut may not inspire confidence.

Pork producer Smithfield Foods, a subsidiary of Hong Kong-based WH Group, began trading on Tuesday. Shares fell 7% from its IPO price of $20 during its market debut. The company had already downsized its offering by 8.1 million shares and priced below its marketed range. Smithfield’s challenges include its ties to China, U.S. trade tensions with Mexico and proposed immigration policies that would raise its labor costs.

For its part, Twin Peaks, a Hooters rival known for its revealing uniform, is relatively small, with an estimated equity value of $1.04 billion to $1.28 billion and 115 restaurants, according to an investor presentation published by owner Fat Brands. (Fat Brands and its chair Andy Wiederhorn were criminally indicted last year for an alleged $47 million bogus loan scheme; both have denied the charges.)

Fat Brands is spinning off Twin Peaks and plans to use the cash to pay off the debt on its balance sheet.

Here are three other restaurant companies that are watching the IPO market for their chance to go public:

JAB Holding, the investment arm of the Reimann family, has been looking to offload Panera Brands, the parent company of Panera Bread and Einstein Bros. Bagels, from its portfolio for several years. JAB originally took Panera Bread private in 2017 for $7.5 billion.

In 2021, Panera announced an investment from Danny Meyer’s special purpose acquisition company that would help the company go public. But the two parties called off the deal by mid-2022, citing market conditions.

A year and half later, in December 2023, Panera Brands confidentially filed to go public. Six months after the confidential filing, the company announced a CEO transition and tied the shakeup to “preparation for its eventual IPO.”

However, a public filing never followed. The restaurant industry began to see a pullback in spending, as many consumers opted to cook at home instead of dining out at eateries.

Plus, Panera’s Charged Lemonade went viral for all of the wrong reasons; the company removed the highly caffeinated drink from its menu after multiple wrongful death lawsuits tied to it. Panera settled with the first plaintiff in October.

Earlier this month, Panera’s CEO resigned, and the company tapped its chief financial officer to step in as interim chief. With its leadership in flux, it looks unlikely that Panera will try to go public again this year.

A year and half ago, Bain Capital announced that it is buying Fogo de Chao, a fast-growing Brazilian steakhouse chain. Like Krispy Kreme, Sweetgreen and Dutch Bros., the chain had filed to go public in 2021 — but it missed the window. 

Fogo de Chao has over 100 locations globally and 76 in the U.S. alone. The company plans to open another 15 restaurants this year.

Whenever the IPO market is ready, so will Fogo de Chao.

“If the optionality is there, then we’ll launch,” Fogo de Chao CEO Barry McGowan told CNBC at the ICR Conference in Orlando earlier in January. “My hope is, this year, we’ll see what happens to the consumer markets. I think it’s going to get started this year or in the next year.”

McGowan joked that Fogo de Chao’s longtime CFO Tony Laday has filed more S-1 filings than any other chief financial officer; the company filed three the first time it went public, and seven before Bain bought it.

Thanks to Bain’s investment, Fogo de Chao isn’t in a rush to go public.

“We’re not in a hurry to go. We don’t want to file seven more times. We want to be more certain before we file,” McGowan said.

Roark Capital assembled Inspire Brands by cobbling together a slew of acquisitions into a restaurant conglomerate.

Inspire’s portfolio includes Arby’s, Jimmy John’s, Sonic, Buffalo Wild Wings, Dunkin’ and Baskin Robbins. Across all of its brands, it has more than 32,600 restaurants globally and totals $30 billion in system sales.

Nearly a year ago, Bloomberg reported that Roark was in early-stage IPO discussions with potential advisers and seeking a valuation of $20 billion for Inspire. But it’s been crickets since then.

Still, Pitchbook identified Inspire Brands as one of 50 private equity-backed names that could go public in 2025.

“Obviously, private equity backers will want to exit their position eventually, and IPOs are often a way to do that,” Einhorn said.

And unlike Panera, Inspire has a stable leadership team. CEO Paul Brown co-founded the company and has held his role since 2018. CFO Kate Jaspon joined Inspire in 2021 after it acquired her employer Dunkin’. More than a decade ago, she was a vice president at Dunkin’ during its own IPO.

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