Stocks Tumble, Hurricane Debby Makes Landfall, and Fine Dining in the Artic Circle

Stock Markets fell broadly on Monday, highlighted by the seven most valuable U.S. tech companies losing about $1 trillion in market value.
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Politics

➤ President Biden and Vice President Harris met with national security officials in the White House Situation Room on Monday, as Iran reaffirmed its intention to punish Israel for the killing of top Hamas political leader Ismail Haniyeh in Tehran. (More

 Senate Judiciary Committee Chairman Dick Durbin expressed disappointment in Defense Secretary Lloyd Austin's decision to revoke the plea deals with accused 9/11 terrorists and urged him to reinstate the deals. (More)  

➤ Former Speaker Nancy Pelosi denied reports that she phoned or pressured President Biden to end his presidential campaign, despite several reports indicating her involvement. (More)  

➤ Robert F. Kennedy Jr. began his fight to remain on New York’s ballot on Monday, contesting allegations in a New York court that the independent presidential candidate falsely claimed state residency on his nominating petition, despite his primary residence being in California. (More)  

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Sports

 ➤ The Chicago White Sox are one of seven MLB teams to have lost 20 or more games in a row following a 13-7 loss to the Minnesota Twins on Sunday. The White Sox are on pace for a dismal 38-win season. (More)

The Washington Commanders confirmed that rookie quarterback Jayden Daniels, the second overall draft pick, will make his NFL debut in Saturday's preseason game against the New York Jets. (More)

Philadelphia Phillies center fielder Brandon Marsh made an amazing catch despite seemingly being unable to see the ball before it landed in his glove. (See Catch)

Yesterday's Results: MLB 

2024 Summer Olympics
Today's Olympic section is brought to you by:

The Flyover

U.S. gymnast Simone Biles won the silver medal in the Olympic floor exercise finals on Monday, securing her fourth medal in Paris and eleventh overall, despite a routine marred by out-of-bounds steps. (More)  

Former swimmer Michael Phelps, a 23-time Olympic gold medalist, called for a lifetime ban on those who test positive for a banned substance after nine of 23 Chinese swimmers with previous positive results won medals in Paris. (More

Paraguayan Olympic officials asked swimmer Luana Alonso to leave the Olympic Village, citing her social life and Disneyland Paris trip as distractions detrimental to Team Paraguay's focus. (More

What to watch: Today is an important day for several U.S. women's teams. The volleyball and water polo teams have quarterfinal matches against Poland and Hungary, while the women's soccer team will face Germany in the semifinals. On the men's side, Team USA basketball will compete against Brazil in the quarterfinals. (See Full Schedule of Events)

Paris 2024 Results: Events | Medals  

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Finance

Trend Line Daily Market Report   08/05/2024

NASDAQ
Natl. Assoc. of Securities Dealers Automated Quotations
16,200.08
-3.43%
SPX
S&P 500
5,186.33
-3.00%
DJI
Dow Jones Industrial Average
38,703.27
-2.60%
BTC
Bitcoin
$54,518.72
-6.19%
GOLD
Per Ounce
$2,452.10
+1.09%
K
Kellanova
$73.20
 +16.23%

Big Stock Move: Kellanova stock rose 16% on the reports that Mars, the maker of M&M's and Snickers, is exploring a potential acquisition. (See Details)

➤ AST SpaceMobile announced Monday it received regulatory approval to launch and operate its first five commercial satellites, aiming to provide space-based cellular broadband directly to smartphones in the U.S. (More)

➤ The U.S. plans to ban Chinese software in self-driving vehicles soon, effectively prohibiting Chinese-made autonomous vehicles from being tested on U.S. roads. (See Details)

The EV maker Lucid announced on Monday a $1.5 billion cash infusion from Saudi Arabia’s Public Investment Fund, supporting its plans for new models and operations through late 2025. (More)

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Science & Technology

 Scientists have speculated that the organic compounds found on a Martian rock last month may indicate chemical reactions and provide evidence of ancient microbial life on Mars. (More)

New research on sleep-deprived mice demonstrates reduced brain activity, shedding light on why humans experience cognitive impairment and memory issues when lacking adequate sleep. (See Study)  

➤ A list of the “coolest extinct reptiles” ranked the colossal Titanoboa snake and the giant marine lizard mosasaur as two of the top four that once inhabited the Earth. (See Images

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The Rotator

Travel Tuesday

➤ The Grand Canyon Railway offers a scenic 65-mile journey from Williams, Arizona, to the South Rim, featuring live entertainment, various service classes, and stunning views of the canyon. (See Photos)

➤ A restaurant in the Arctic Circle town of Longyearbyen, Svalbard, offers creative fine dining using local ingredients like reindeer, seal, and whale. (More)

➤ This list highlights seven of America's steepest hikes, including Mount Rainier and Mount Whitney, challenging hikers through difficult terrain and rewarding them with breathtaking views. (See List)

Et Cetera

➤ In a new book set to release mid-August, 'Billionaire, Nerd, Savior, King: Bill Gates and His Quest to Shape Our World,' a New York Times reporter details allegations that Microsoft banned Gates from being alone with interns due to inappropriate behavior around young women. (See Details)

➤ Mainers will vote in November on adopting a new state flag featuring a pine tree and blue star, designed by Adam Lemire. It's inspired by Maine's original 1901-1909 flag. (See Flag)

➤ A homeowner in Pocono Lake, Pennsylvania, had an unexpected guest when a hungry bear casually entered her kitchen, feasted on snacks for an hour, and left with tostada shells. (Watch Video)

Poll Position

Did you know your spouse in high school?

  1. Yes
  2. No

Wednesday's Results:

If you could have any superpower for a day, which one would you choose?

  1. Healing: 38.7%
  2. Time Manipulation: 16.8%
  3. Flying: 11.3%
  4. Teleportation: 9.8%
  5. Invisibility: 8.1%
  6. Other: 4.5%
  7. Telepathy: 4.2%
  8. Shape Shifting: 3.6%
  9. Super Strength: 2.8%

Quote BoxDaily Quote

Quote

“They clearly made a mistake.” 

—  Mark Zandi, chief economist at Moody’s Analytics, on the Fed for not cutting rates ahead of Monday’s market sell-off.

TriviaToday's Trivia

How many states does the Appalachian trail go through? 

Show me the answer

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U.S. Warns Americans in Lebanon, Affordable Vacation Homes, and Olympic Muffins

Monday, August 5, 2024

Tropical Storm Debby strengthened overnight Sunday before making landfall as a Cat 1 Hurricane in Florida's Big Bend region Monday morning. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

U.S. Warns Americans in Lebanon, Affordable Vacation Homes, and Olympic Muffins

Monday, August 5, 2024

The US Embassy in Lebanon is encouraging Americans to leave on “any ticket available” as concerns over an Israel-Hezbollah open war continue to mount. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

More Troops in Mideast, Ledecky Wins Historic Gold, and an Egg Drop from Space

Sunday, August 4, 2024

The US is increasing its military presence in the Middle East as Iran threatens retaliation against Israel for killing a Hamas leader in Iran and a key Hezbollah commander in Lebanon. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

Stocks Tank, DOJ Sues TikTok, and Python Hunting in Florida

Saturday, August 3, 2024

A weaker than expected jobs report triggered a plunge in the stock markets on Friday as investors and analysts fear the US economy could be slowing down faster than predicted. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏

U.S Makes Olympic History, an Inflatable Space Station, and a Diving Polar Bear

Friday, August 2, 2024

Gymnast Simone Biles secured her second individual all-around gold medal on Thursday, extending the US women's gymnastics team's remarkable streak of individual champions that began at the 2004

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NATO and Ukrainian officials will hold emergency talks Tuesday after Russia escalated hostilities with a hypersonic missile strike on a military facility in Dnipro last Thursday. ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏ ‌ ͏