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Jul 1, 2024, 10:08 AM UTC

Democrats Circle Wagons Around Biden Despite Bad Debate Performance

Newsletter Jul 1, 2024 Quick Six Democrats circle the wagons around Biden after debate flop Democratic leaders -- including former House Speaker Nancy Pelosi and former House Majority Whip Rep. James

Newsletter Jul 1, 2024

Quick Six

Democrats circle the wagons around Biden after debate flop
Democratic leaders -- including former House Speaker Nancy Pelosi and former House Majority Whip Rep. James Clyburn -- defended President Joe Biden on television Sunday, stating he should continue his reelection campaign despite his poor debate performance. Pelosi defended Biden's debate challenges were primarily caused by former President Donald Trump's on-stage "lies." Clyburn attributed Biden's lackluster debate performance to "preparation overload," expressing confidence that he can defeat Trump and effectively lead as president for four more years.
DEMOCRATS ARE STICKING WITH BIDEN DESPITE DEBATE

SCOTUS ready to rule on Trump's absolute immunity claim
The Supreme Court is expected to reveal its ruling on former President Donald Trump's absolute immunity claim on Monday, a decision that will have a major impact on whether Trump will stand trial in the classified documents and Jan. 6 cases. Trump has a lot riding on the ruling, which will determine if his actions were part of his official duties or his personal life. Both cases have been placed on hold while prosecutors await the SCOTUS ruling.
HOW TRUMP IS TOUTING SCOTUS RULING IN JAN. 6 PROBE

BlackRock strikes acquisition deal for UK data group Preqin
BlackRock has agreed to acquire the UK-based data group Preqin for £2.55 billion. BlackRock, a $10.5 trillion asset manager, beat out competitors S&P Global and Bloomberg to secure the acquisition of Preqin, a UK-based data group. BlackRock intends to maintain Preqin as a distinct service while also incorporating its data feeds into BlackRock's Aladdin and eFront risk management platforms. The deal is anticipated to be finalized later this year.
SEE BLACKROCK'S PLANS TO MAKE PREQIN A SUCCESS

12V 200Ah Pro Smart Lithium Iron Phosphate Battery w/Bluetooth & Self-heating Function

The 2-in-1 12V 200Ah LiFePO4 battery with self-heating & BT Double active safety design for comprehensive safety

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Markets

DJIA	39,118.86	-0.12%
S&P 500	5,460.48	-0.41%
Nasdaq Composite	17,732.60	-0.71%
Japan: Nikkei 225	39,841.34	0.65%
UK: FTSE 100	8,164.12	-0.19%
Crude Oil Futures	81.75	0.26%
Gold Futures	2,332.60	-0.30%
Yen	160.86	-0.01%
Euro	1.07	0.30%
* As of market close

Conservative Supreme Court makes imprint

The Supreme Court's conservative majority is focusing on curbing federal regulatory authority, reinforcing its pivotal role in a long-standing effort by business interests and others to weaken the "administrative state." The court's rulings have limited the federal government's power to regulate areas such as stock trading and pollution. The fallout from this decision will make it more challenging for President Joe Biden or any future president to act on a wide range of policy areas. These include eliminating student debt, expanding protections for pregnant workers, curbing climate pollution, and regulating artificial intelligence.

SEE THE KEY CASES THAT SET THE STANDARD FOR SCOTUS

Israeli tanks advance into Gaza strongholds

Israeli forces have advanced further into the Shejaia neighborhood in northern Gaza and made significant inroads into western and central Rafah in the southern part of the region on Sunday. The military actions led to the deaths of at least six Palestinians and caused extensive destruction to several homes. The escalated conflict has heightened tensions and raised concerns among the local population. Israeli tanks, which re-entered Shejaia four days ago, fired shells at several houses.

IS ISRAELI NEARING THE END OF ITS INVASION OF GAZA CITY?

Macron hurt by 'revenge' from French voters

Emmanuel Macron has taken many risks in a political career marked by countless crises but his decision to call snap elections may be one too many, marring his legacy and ushering in an era of extremes. The far-right National Rally won Sunday's first round of legislative elections as the fallout from Macron dissolving the National Assembly after his centrist party suffered a loss in European polls remain strong. Leaders close to the president acknowledging unease over the political turmoil.

HOW MACRON AND HIS ALLIES PLAN TO STOP NATIONAL RALLY

Extra point

On July 1, 1963, the US Postal Service introduced zip codes for the first time to improve mail delivery service. What does "zip" stand for?

Friday's answer: The June 28, 1914 assassination of Archduke Franz Ferdinand in Sarajevo is credited with the precipitation of World War I.

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