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Jul 9, 2024, 10:13 AM UTC

Defiant Biden Faces Critical Week In His Bid To Convince Party, Public

Newsletter Jul 9, 2024 Quick Six Biden faces critical week in his bid to convince party, public President Joe Biden began a critical week Monday that will test his standing at home and abroad, as moves

Newsletter Jul 9, 2024

Quick Six

Biden faces critical week in his bid to convince party, public
President Joe Biden began a critical week Monday that will test his standing at home and abroad, as moves to force him to quit his fight for a second White House term gather pace. Biden, 81, has so far defied calls to step aside, after a disastrous debate against bitter rival Donald Trump last month played into fears that he is too old to serve another term as president until 2029. Allies warn he needs to do more to convince his party and the public that only he can beat Trump at the ballot box in November. The turmoil comes as Biden hosts world leaders for a NATO summit.
BIDEN'S DEFIANT CALL TO MSNBC'S 'MORNING JOE' SHOW

TSMC joins trillion-dollar club as big tech hits all-time highs
Taiwanese chip giant TSMC on Monday entered the elite club of the world's most valuable companies, further proof that generative AI is shaking up Wall Street. TSMC, listed in both Taiwan and New York, briefly broke the one trillion dollar market capitalization barrier, putting it ahead of Tesla as the seventh most valuable technology giant on the stock market. Also on Monday, Alphabet, Apple and Meta hit all-time highs as AI continues to lead the way.
SEE THE NEW LIST OF THE MOST VALUABLE COMPANIES

Tesla investors dispute $7.2B in legal fees in Musk pay case
Tesla shareholders appeared in court Monday to try to convince a judge to overturn the "outlandish" $7.2 billion in legal fees billed to the company in the contentious case of Elon Musk's $56 billion pay package. Despite owning only nine shares, investor Richard Tornetta made the request on behalf of law firms that represented him when he sued Musk in 2018 over the latter's pay package.
SEE THE SOARING SALARIES FOR EXECUTIVES IN THE US

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Markets

DJIA	39,344.79	-0.08%
S&P 500	5,572.85	0.10%
Nasdaq Composite	18,403.74	0.28%
Japan: Nikkei 225	40,780.70	-0.32%
UK: FTSE 100	8,193.49	-0.13%
Crude Oil Futures	82.19	-0.17%
Gold Futures	2,366.50	0.13%
Yen	160.80	-0.02%
Euro	1.08	0.00%
* As of market close

Hurricane Beryl hits Texas amid heat wave

As Hurricane Beryl rolled ashore in coastal Texas, much of the nation is under a heat wave that is set to push temperatures to unprecedented highs along the West Coast, leaving millions of Americans sweltering under a relentless heat dome. About 36 million people (nearly 10% of the US population) are under excessive heat warnings as the heat dome, mainly centered over California, spreads east. The record heat, an indication of the extreme weather patterns driven by climate change caused by fossil fuels, is a trend expected to continue for decades.

SEE HOW CLIMATE CHANGE IS IMPACTING ECONOMIC GROWTH

Xi seeks dialogue between Russia, Ukraine

Chinese President Xi Jinping told Hungarian Prime Minister Viktor Orban on Monday that world powers should help Russia and Ukraine re-start direct negotiations during a visit to Beijing branded a "peace mission" by the European leader. Orban's trip to China comes a day before NATO is due to hold a summit to mark its 75th anniversary, with setbacks in Ukraine set to dominate discussions, and follows surprise visits by the Hungarian premier to Russia and Ukraine in the past week.

WHY ORBAN CALLED HIS VISIT TO CHINA 'PEACE MISSION 3.0'

Apple Watch upgraded for 10th birthday

The Apple Watch will be celebrating its 10th birthday and the company is preparing to give users new features on the product. Fans of the Series 10 can look forward to picking a screen with approximately the same size as the one on Apple Watch Ultra. Users are bound to notice the larger displays while the device will be thinner, promising a less bulkier feel when worn. Users can expect larger screens for both versions of the Series 10. The code names for both are N217 and N218.

SEE ALL THE NEW FEATURES IN THE IMPROVED APPLE WATCH

Extra point

The Apple Watch is considered to be the brain child of whom? When?

Monday's answer: France pulled out of NATO's military operations in 1966 in a dispute over nuclear weapons. It returned as a full member in 2009.

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