Tag Archives: crosses

Rombauer crosses finish line first at Preakness

Medina Spirit finished third in the 1 3/16-mile race and was passed for the first time in his career after going off as the 2-1 favorite.

BALTIMORE — Rombauer romped to an 11-1 upset victory in the Preakness on Saturday, denying Bob Baffert-trained Kentucky Derby winner Medina Sprint the chance at a Triple Crown that would have come with a giant asterisk.
Medina Spirit finished third in the 1 3/16-mile race and was passed for the first time in his career after going off as the 2-1 favorite. All eyes were on Medina Spirit after he failed a post-Derby drug test for the presence of the steroid betamethasone.
“I had to come out running to get my position,” Medina Spirit jockey John Velazquez said. “I knew that he was going to be pressed today. I was hoping that he wouldn’t overdo it, and we did.”
Midnight Bourbon, who was 3-1, was second. Keepmeinmind was fourth and Baffert-trained Concert Tour ninth in the 10-horse field.
Rombauer busted the bias of horses hugging the rail on the dirt at Pimlico Race Course all day, going past Midnight Bourbon and Medina Spirit down the stretch and winning by 3 1/2 lengths.
Jockey Flavien Prat won the Preakness two years after being elevated to the Derby winner aboard Country House when Maximum Security was disqualified.
“Of course it’s a lot different when you cross the wire first: You get that feeling,” Prat said. “It’s a lot of joy.”
Trainer Michael McCarthy won his first Triple Crown race and captured the Preakness before Hall of Famer Todd Pletcher, for whom he worked as an assistant before opening his own barn. Pletcher gave McCarthy a big bear hug after the race.
Rombauer is owned by John and Diane Fradkin, a far cry from Medina Spirit’s Zedan Racing Stables and other horse racing conglomerates. He won for the third time in seven starts.
McCarthy choked back tears while talking about everyone involved with Rombauer.
“Means a lot to be here, participate on a day like this,” he said. “Happy for the Fradkins. Just goes to show you that small players in the game can be successful, as well.”
McCarthy said this week Rombauer’s best weapon was between his ears and that his colt was training well. But few picked the long shot to win the Preakness, which was run in front of 10,000 fans at Pimlico Race Course.
Baffert was not in attendance, staying away because of the controversy with Medina Spirit, who still could be disqualified from the Derby. His Derby win still hangs in the balance with a second test yet to be analyzed.
Maryland racing officials required Concert Tour and Medina Spirit undergo additional testing and monitoring as conditions to run in the Preakness. Those three rounds of tests came back Friday, clearing them to race.
With Baffert’s shadow hanging over the race, the Preakness was run in front of a limited capacity of 10,000 fans, a fraction of the crowd of 100,000-plus that typically packs Pimlico on the third Saturday in May. Masks were still required because of city and track protocols.
This was a short turnaround from the 2020 Preakness, which was run last fall as the third leg of the Triple Crown with no fans allowed.

Author:
This post originally appeared on CBS8 – Sports

S&P 500 crosses 4,000 for the first time after Biden unveils $2.25 trillion spending plan for infrastructure

Technology shares, led by chipmakers, have seen major gains as investors’ sentiment lifted on strong optimism about US economic growth, along with a buoyant earnings outlook by US computer chip maker Micron.

The S&P 500, which tracks the stock performances of 500 large companies listed on stock exchanges in the US, jumped 0.8% to cross the 4,000 mark for the first time, while the Dow Jones Industrial Average rose 0.25% to 33,062.

Meanwhile, broad market index also set an all-time intraday high as the Nasdaq rose 1.74%.Seven of the eleven S&P sectors grew, with technology and communication services gaining more than 1.5%.
Also on rt.com Boom Bust explores what Biden’s $ 2 TRILLION infrastructure plan is all about
Stocks reportedly jumped after US President Joe Biden announced a massive infrastructure spending plan totaling $ 2.25 trillion. The proposal comes as the first of a two-part program to help the nation’s economy recover from the coronavirus pandemic.

The plan includes a doubling of federal funding for public transportation, $ 650 billion for clean water and high-speed broadband, more than $ 500 billion in spending on manufacturing, and $ 400 billion for improved care for the elderly and people with disabilities.
Also on rt.com Global banks bracing for losses amid US hedge fund collapse
The forthcoming report on the US jobs market, which is expected to reveal that massive fiscal stimulus and vaccination drive is helping the labor market to recover, also boosted sentiment, as investors shrug off the latest data from last week, about the rise in the number of Americans filing new claims for jobless benefits.  

Micron Technology has turned up the heat after gaining 4.8% on a better-than-expected forecast for third-quarter revenues amid higher demand for memory chips.

For more stories on economy & finance visit RT’s business section

RT