|
⚡ Today in History On August 10, 1846, President James Polk signed the act creating the Smithsonian Institution in Washington. In 1821, Missouri joined the Union as the 24th state. Today, another Washington deal is falling apart: Israeli Prime Minister Benjamin Netanyahu rejected President Donald Trump's 15-point Gaza peace plan on Sunday. |
|
Top News |
|
Netanyahu rejects Trump's Gaza plan 15 POINTS Facing pressure from his right-wing coalition ahead of an October election, Israeli Prime Minister Benjamin Netanyahu rejected the US-backed Gaza peace plan Sunday at a cabinet meeting in Jerusalem. The 15-point plan, brokered by President Donald Trump's Board of Peace, called for a phased Israeli withdrawal alongside Hamas disarmament. Netanyahu said Israeli forces will not leave Gaza until Hamas is fully disarmed, straining ties with the White House. |
|
Iran adds conditions before reopening Hormuz $84/BARREL Six months into its war with Israel and the United States, Iran is refusing to reopen the Strait of Hormuz without concessions. Iranian Foreign Minister Abbas Araghchi said Tehran wants an end to the US naval blockade, the lifting of sanctions, and compensation for war damage. The waterway carries about a fifth of the world's oil shipments, and Brent crude climbed above $84 a barrel Monday on the uncertainty. |
|
Wall Street eyes inflation data after best week since April +3.6% Stocks are heading into a heavy week of inflation data after last week's rally. The S&P 500 gained 3.6%, and the Nasdaq climbed 5.2% over the past week, buoyed by a surprise drop in July hiring. Traders are now watching Wednesday's Consumer Price Index report to see whether inflation stayed cool, a reading that would ease pressure on the Federal Reserve to raise rates. |
|
Trump heads to Michigan as economic approval sinks President Donald Trump traveled to Michigan Monday to promote his economic agenda in a swing state central to his 2026 push. New CBS News and YouGov polling shows just 13% of Americans believe his policies have made them better off financially. The visit comes as Republicans defend narrow House and Senate majorities in November, with polls showing GOP candidates trailing in North Carolina, Ohio, Iowa and Texas. |
|
Former Interlochen students detail decades of abuse A new report details nearly 70 allegations of sexual abuse by close to 50 adults connected to Interlochen Center for the Arts, a Michigan boarding school for the arts. Former students shared their accounts with NPR, describing abuse that in some cases spanned decades. The school has not yet issued a detailed response to the specific claims outlined in the report. |
Gold just crossed $5,000 an ounce.
One year ago, gold was around $2,900. Today? It just crossed $5,000. Over 75% in a single year.
And it wasn't everyday Americans driving the price up. It was central banks.
China. India. Poland. Turkey. They know the U.S. debt hit $38.56 trillion.
They know interest payments just surpassed $1 trillion a year for the first time ever. So they're getting out of paper and into gold.
President Trump has been fighting to fix this economy since day one.
But the $38.56 trillion bomb Biden left behind doesn't disappear overnight.
While Trump works to fix it from Washington, your retirement can't afford to sit and wait.
What the $5,000 gold price is really telling us about what's coming
Why gold can't be printed or devalued the way the Fed destroyed every dollar in your savings
How to move part of your IRA or 401(k) into physical gold without penalties or taxes
A simple 3-step process that puts real, physical gold in your name
Gold didn't go from $2,900 to $5,000 by accident. The only question is whether you'll listen in time.
|
World |
|
|
US shares intel for Ukrainian strikes on Russian oil Ukraine has targeted Russian oil facilities with long-range drones almost daily in recent months. The Atlantic reported that the United States is now providing intelligence to help Kyiv strike Russian energy sites deep behind the front line. The strikes aim to cut into the revenue Moscow uses to fund its invasion, now in its fifth year. |
|
|
Finland won't send more Patriot missiles to Ukraine Finland's Defense Minister Antti Hakkanen said Helsinki cannot spare more Patriot air-defense missiles for Ukraine without weakening its own readiness. The refusal came as the United States separately declined to license Ukraine to manufacture its own Patriot missiles, citing concern that the technology could reach Russia. Kyiv is pressing allies for more air defenses as Russian strikes continue. |
|
|
Europe braces for another heat wave Forecasters are warning of another sharp temperature spike across the UK, France and Spain this week. The rapid rise, combined with an ongoing drought, is raising the risk of wildfires across the region. Emergency crews in several countries are on standby as the heat builds through the week. |
|
|
Houthi militants claim attack on Saudi refinery Yemen's Iran-backed Houthi movement claimed an attack on Saudi Arabia's Jazan refinery near the Red Sea over the weekend. The claim adds to a run of attacks on shipping and energy sites tied to the broader US-Israel war with Iran. Saudi officials have not confirmed damage from the strike. |
|
|
US military reroutes 55 ships from Hormuz 55 SHIPS US Central Command, the Pentagon's Middle East command known as CENTCOM, said it has redirected 55 commercial vessels away from the Strait of Hormuz since its naval blockade began. It also disabled two vessels for noncompliance. The strait, which normally carries about a fifth of the world's oil shipments, has been effectively closed since the war with Iran began. |
|
|
|
Politics |
|
|
Netanyahu's Gaza rejection strains ties with Trump Israeli Prime Minister Benjamin Netanyahu's rejection of the Gaza peace plan comes less than three months before Israel's Oct. 27 election. Polls show his coalition trailing, and hardline ministers have pushed him to hold firm on Gaza. The White House has not publicly criticized the move, with one US official telling Axios it sees the rejection largely as election politics. |
|
|
GOP senators call Trump a midterm liability Senate Republicans are increasingly worried that President Donald Trump's demands are hurting their chances in November. GOP leaders point to his push for a $1.8 billion fund benefiting political allies and his insistence on debating a stalled voter-eligibility bill during the August recess. Sen. John Cornyn of Texas said the fight is "demoralizing" the party's base three months before the vote. |
|
|
South Carolina Senate primary heads to runoff A special Republican primary to fill the late Sen. Lindsey Graham's seat in South Carolina is likely headed to a runoff. President Donald Trump endorsed Graham's sister for the seat, but rival candidates have each broken with him on some issue in the race. A runoff would delay the party's pick for the general election. |
|
|
Trump-backed candidate splits with state GOP in Minnesota Minnesota Republicans head to the polls Tuesday in a governor's primary that has divided the party. President Donald Trump endorsed Mike Lindell, the MyPillow founder, but the state Republican convention backed one of his rivals instead. The split reflects tension between Trump's endorsements and the party's base ahead of the fall election. |
|
|
Poll: just 13% say Trump improved their finances 13% New CBS News and YouGov polling shows just 13% of Americans say President Donald Trump's policies have made them financially better off. That figure has fallen steadily since Trump took office, as tariffs and the Iran war took center stage over cost-of-living concerns. Republicans are bracing for the trend to weigh on their House and Senate majorities in November. |
|
|
|
Markets |
|||
|
S&P 500 futures rise as jobs data cools rate fears +0.6% US stock futures pointed higher Monday, with S&P 500 contracts up about 0.6% ahead of a heavy week of inflation data. Investors are weighing a surprise July jobs report that showed the US economy lost 23,000 positions against falling bond yields. The Consumer Price Index arrives Wednesday, followed by producer prices and retail sales Thursday. |
|||
|
Brent crude climbs above $84 on Hormuz standoff $84 Oil prices extended gains Monday as talks to reopen the Strait of Hormuz stalled over Iranian demands. Brent crude traded above $84 a barrel, while US benchmark WTI hovered near $78. Iran's insistence on compensation and an end to the US naval blockade has kept traders on edge for a sixth straight month. |
|||
|
Aluminum shortage threatens fighter jet production Bloomberg reported that the US supply chain for high-purity aluminum used in defense manufacturing may not keep pace with demand. The metal is used to build fighter jets and armored vehicles. A shortage could complicate Pentagon efforts to restock weapons depleted during the Iran war. |
|||
|
Ferguson kicks off a busy week of earnings Plumbing and industrial supplier Ferguson Enterprises reported second-quarter results Monday morning, setting an early tone for the industrial and construction sector. The report lands in a week dominated by inflation data rather than earnings, with most of the second-quarter season already behind Wall Street. Simon Property Group is also scheduled to report this week. |
|||
|
US stocks post best week since April +5.2% The S&P 500 and Nasdaq posted their sharpest weekly gains since April last week, both fueled by chip stocks and a cooler jobs report. The S&P 500 closed at a record 7,757.64 on Friday, and the Nasdaq gained 5.2% for the week. The rally now faces a test from Wednesday's inflation report. |
|||
|
|||
|
|
Entertainment |
|
|
Spider-Man passes $1 billion in second weekend $1.67B Spider-Man: Brand New Day added $145 million domestically over its second weekend, becoming the second-fastest movie ever to cross $1 billion worldwide. The film's early records include the biggest domestic opening ever, at $360 million, and the fastest climb to $500 million, in seven days. Its global total now stands at $1.67 billion. |
|
|
Tallulah Willis marries in Idaho ceremony Tallulah Willis, the youngest daughter of Bruce Willis and Demi Moore, married musician Justin Acee on Aug. 8 in Idaho. The bride wore a Balenciaga gown for the ceremony. Willis has two sisters, also daughters of the Die Hard star and his ex-wife. |
|
|
Lauryn Hill packs UK festival with 35,000 fans Singer-songwriter Lauryn Hill's Diaspora Calling! festival drew a crowd of 35,000 to the National Bowl in Milton Keynes, England, on Aug. 7. The event, hosted by comedian Dave Chappelle, was built around celebrating Africa and its global diaspora. Several major music acts joined Hill on stage during the show. |
|
|
Benson Boone postpones Sacramento show over voice strain Singer Benson Boone postponed his Aug. 8 concert in Sacramento, California, after struggling with his voice. Boone said in a statement that he spent the afternoon before the show trying to get his voice ready to perform. No new date has been announced for the rescheduled concert. |
|
|
Kylie Jenner kicks off 29th birthday early Kylie Jenner celebrated her upcoming 29th birthday early with a "princess kitty"-themed party surrounded by friends and family. The Kylie Cosmetics founder shared details of the celebration over the weekend. Jenner turns 29 later this month. |
|
|
