ibt-mailJun 28, 2024, 9:57 AM

Biden, Trump Fail To Impress In First Debate

Newsletter Jun 28, 2024 Quick Six Biden, Trump bring contrasting world views to debate stage The first presidential debate ahead of the 2024 national election didn't disappoint as President Joe

Newsletter Jun 28, 2024

Quick Six

Biden, Trump bring contrasting world views to debate stage
The first presidential debate ahead of the 2024 national election didn't disappoint as President Joe Biden and challenger Donald Trump took sharp aim at one another ahead of their rematch. True to form, Trump went after Biden on a variety of issues -- the economy, the border, inflation and more. Biden countered with his strategy of highlighting his first-term accomplishments while reminding voters about the dangers of another Trump presidency. Despite the high-stakes debate, few minds were likely changed.
SEE THE HIGHLIGHTS OF THE FIRST BIDEN-TRUMP DEBATE

IMF slightly downgrades outlook for 'robust' US economy
The IMF said Thursday it expects the US economy to grow more slowly than previously forecast, while praising it for remaining "robust, dynamic, and adaptable to changing global conditions." The US economy is the only G20 nation whose economic output exceeds its pre-pandemic level, pointing to a boost in employment growth. The world's largest economy is now expected to grow 2.6% this year, down 0.1% from the IMF's earlier forecast in April.
SEE THE IMF DIRECTOR'S COMMENTS ON US ECONOMY

Walgreens announces significant number of store closures
Pharmacy chain Walgreens announced plans to close a significant number of underperforming stores following the release of its third-quarter fiscal results. The company confirmed that about 25% of its current stores are not aligning with its long-term strategy, prompting this strategic move. The closures are part of a broader effort to lift profitability amid evolving market conditions.
HOW MANY WALGREENS' STORES AND JOBS WILL BE LOST

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Markets

DJIA	39,164.06	0.09%
S&P 500	5,482.87	0.09%
Nasdaq Composite	17,858.68	0.30%
Japan: Nikkei 225	39,727.91	0.98%
UK: FTSE 100	8,179.68	-0.55%
Crude Oil Futures	82.19	0.55%
Gold Futures	2,334.30	-0.10%
Yen	160.92	0.08%
Euro	1.07	-0.10%
* As of market close

SCOTUS makes rulings on abortion, opioids

The Supreme Court made a pair of key rulings Thursday, including one on the Idaho abortion ban that was mistakenly released a day earlier. The high court allowed emergency abortions to continue in Idaho, marking a temporary victory for abortion rights advocates. In a separate case, the Supreme Court overturned a landmark settlement involving Purdue Pharma, marking a setback for efforts to resolve claims related to the opioid crisis. They were the latest in several key SCOTUS rulings this week to settle cases that have been in the courts for years.

IDAHO ABORTION RULING WAS A LOSS FOR PRO-LIFE CROWD

EU approves von der Leyen for second term

EU leaders struck a summit deal Thursday to return Ursula von der Leyen as head of the powerful European Commission, while tapping Estonia's prime minister Kaja Kallas as the bloc's top diplomat, carving up the bloc's top institutional jobs for the five years to come. After navigating back-to-back crises from COVID-19 to the Ukraine war as head of the EC, von der Leyen was awarded five more years. EU leaders sent a message about their priorities for the 27-nation bloc -- putting security first at a time of marked geopolitical uncertainty.

SEE THE CHALLENGES FACING THE EUROPEAN COMMISSION

Assange is 'rediscovering life' in Australia

WikiLeaks founder Julian Assange is "rediscovering life" as he tastes freedom in Australia after a five-year stretch in a London high-security prison, his wife said Thursday. The 52-year-old landed in Canberra hours after pleading guilty in a Pacific island court to a single count of revealing military secrets. Under a plea deal, he was sentenced to time served and allowed to walk free, ending a 14-year legal struggle with the US Department of Justice. But the jail time had taken a toll on him.

SEE HOW ASSANGE IS ADJUSTING AFTER 14-YEAR ORDEAL

Extra point

On June 28, 1914, this assassination is credited with the precipitation of World War I. Who was assassinated and in what European city?

Thursday's answer: Bolivia is home to the copaiba, also known as the "miracle tree," for its treatment of several ailments, primarily arthritis.

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