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⚡ Today in History On August 8, 1974, President Richard Nixon announced he would resign over the Watergate scandal, becoming the only U.S. president to leave office before completing a term. In 1988, pro-democracy protests began across Myanmar in what became known as the 8888 Uprising. Today? A second White House attempt to limit birthright citizenship and a deadly drone strike in Sudan both test how far executive and military power can reach unchecked. |
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Top News |
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Thai teen kills 7, wounds 15 in school shooting 7 DEAD A 14-year-old student shot his grandparents at their home in Bang Kruai district, Nonthaburi province, on Friday, August 7. The teenager then opened fire at Debsirin Nonthaburi School, a boys' secondary school north of Bangkok, before turning the gun on himself. Seven people died, and about 15 were wounded, most of them teenagers. Thai Prime Minister Anutin Charnvirakul described the attack as a tragedy that "shouldn't have happened." It was Thailand's deadliest school shooting since a 2022 attack killed 38 people. |
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Trump signs new orders targeting birthright citizenship 2ND ATTEMPT The Supreme Court rejected President Trump's first attempt to limit birthright citizenship in a 6-3 ruling issued in June 2026. Trump signed two new executive orders on Thursday, August 6, narrowing who qualifies for automatic citizenship and banning so-called "birth tourism." The signing took place in the Oval Office, with White House aide Stephen Miller citing the same ruling as legal grounding for the new approach. The American Civil Liberties Union said the orders are "doomed to fail in court," and further legal challenges are expected within days. |
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Oman and Iran agree on framework to reopen Hormuz Iran closed the Strait of Hormuz to shipping in February 2026 after the U.S. and Israel began striking the country, sending oil prices soaring. Oman agreed this week to a framework with Iran that would open temporary shipping lanes through the waterway, which carries about a fifth of the world's oil and gas supply. The routes run through Omani and Iranian territorial waters near Larak Island, according to diplomats briefed on the talks. Iranian officials say a full reopening still depends on the United States lifting its naval blockade of Iranian ports. |
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Trump says U.S. has "massive amounts" of munitions Reports from several outlets, including CNN, described the Pentagon's munitions stockpile as depleted after months of the U.S. war with Iran. President Trump responded overnight Thursday, August 6, posting on Truth Social that the United States has "massive amounts" of munitions with more being manufactured. The post did not name which reports prompted the response. The exchange comes as the Iran war stretches into its sixth month with no full ceasefire in place. |
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El-Sayed upsets Stevens in Michigan Senate primary Democratic Rep. Haley Stevens entered Michigan's Senate primary with far more campaign money and establishment backing than her rival. Dr. Abdul El-Sayed defeated Stevens anyway on Tuesday, August 4, in a result seen as a setback for AIPAC-aligned Democrats ahead of the midterms. The primary was held across Michigan, a swing state central to the party's 2026 strategy. El-Sayed now advances to the general election for the seat. |
Nobody warned you about this
The downward slide has begun.
According to new research from Bloomberg, the U.S. dollar's share of global reserves has just fallen to the lowest level this century.
While everyone is distracted by hyped-up IPOs and the AI bubble, the world is walking away from the dollar – the foundation on which all of our lives are built is crumbling.
And I believe the consequences for the country – and your financial security – are extremely serious.
President Trump knows it. That's why he has taken emergency action by signing Executive Order 14241 to initiate the first full reset of the American dollar in half a century.
That means every dollar you have saved and invested… every good, every service, every asset… all of it could be about to be repriced against a new monetary anchor.
It’s not gold, or crypto – but something far more unexpected. An asset so fiercely contested and so critical that Vladimir Putin once claimed whoever controls it “will become the leader of the world”
Nobody can tell you exactly how this reset will play out.
But I do know that the last time America changed its money like this – half a century ago – it split the country in two. Between the folks who understood what was happening and responded accordingly – and those who got brutally left behind.
That line is being drawn again. And what you do with your money in the months ahead could decide which side you end up on.
I’d like to show you which investments could thrive – and which could be the most dangerous – inside Trump’s new monetary order.
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World |
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Gaza buries 112 bodies recovered from 2023 strike 112 An Israeli strike flattened a residential block in Gaza City's Sabra neighborhood in November 2023, killing more than 300 people early in the war. Rescue teams recovered 112 more bodies from the rubble this week, including 40 children, allowing families to hold burials nearly three years later. The mass funeral took place in Gaza City on Tuesday, August 4. Palestinian authorities say about 157 people remain missing under rubble across the territory. |
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Drone strike kills 35 at Sudan court hearing Sudan's army has escalated drone strikes against Rapid Support Forces positions in Darfur since losing ground in North Kordofan. Army drones hit a customary court in the village of Garra al-Zawaya, North Darfur, on Sunday, August 2, killing 35 people, including tribal elders and local leaders. The strike happened as residents gathered for hearings on local disputes. The United Nations says drone strikes have killed more than 1,000 civilians across Sudan since January. |
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Iran outlines penalties for ships crossing Hormuz Iran's parliament began drafting rules for the Strait of Hormuz in March 2026, months after closing the waterway to shipping. Lawmakers are now reviewing a version that would ban U.S. and Israeli vessels from the strait and fine other violators 20% of their cargo's value. The proposal covers the same waterway at the center of this week's framework agreement with Oman. Tehran says the strait will not fully reopen until the U.S. lifts its naval blockade on Iranian ports. |
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20 million pilgrims mark Arbaeen in Karbala Shia Muslims mark Arbaeen each year at the end of a 40-day mourning period following Ashoura, commemorating a 7th-century killing central to their faith. More than 20 million pilgrims gathered in the Iraqi city of Karbala this week for the observance, one of the largest religious gatherings in the world. Crowds filled the area between the shrines of Imam Abbas and Imam Hussein through Tuesday, August 4. Organizers say turnout grew this year, with many Iranian pilgrims citing the killing of Ayatollah Ali Khamenei earlier in the U.S.-Iran war. |
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FIFA staff back Infantino after failed World Cup stake sale FIFA President Gianni Infantino faced criticism this year over a plan to sell stakes in the World Cup that ultimately collapsed. FIFA apologized on Wednesday, August 5, for errors in how the plan was handled. Senior staff at a crisis meeting in Rabat, Morocco, reaffirmed support for Infantino's presidency, FIFA said. The meeting took place on the sidelines of the Women's Africa Cup of Nations. |
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Politics |
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Trump weighs firing U.S. attorney over dropped charges U.S. Attorney Jeanine Pirro dismissed charges this week against people accused of vandalizing the Lincoln Memorial Reflecting Pool. President Trump criticized the decision publicly and is now considering removing Pirro from her post, according to reporting this week. The dispute centers on a case handled in Washington, D.C. It marks a rare public break between Trump and one of his own appointees. |
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Acting AG Blanche vows to "make Dobbs permanent" The Supreme Court's 2022 Dobbs ruling ended the federal constitutional right to abortion and returned the issue to individual states. Acting Attorney General Todd Blanche said this week that the Justice Department would work to "make Dobbs permanent" nationwide. Blanche made the comment while awaiting Senate confirmation to lead the department on a permanent basis. The pledge signals continued federal action on abortion policy heading into the fall. |
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Senate confirms Dr. Erica Schwartz to lead the CDC The Centers for Disease Control and Prevention has operated without permanent leadership for months amid broader turnover at federal health agencies. The Senate voted this week to confirm Dr. Erica Schwartz as the agency's next director. The confirmation took place in Washington, D.C. Schwartz now takes over the CDC's day-to-day operations. |
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25 states sue Trump administration over new tariffs 25 STATES The Trump administration announced a wave of new tariffs on 60 economies two weeks ago, expanding an existing trade policy. Twenty-five Democratic-led states filed suit this week, arguing the White House lacks legal authority to impose them. The lawsuit was filed in federal court. It adds to a growing string of legal challenges against the administration's trade agenda. |
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ICE detainee dies at New Jersey detention facility U.S. Immigration and Customs Enforcement has expanded detention capacity this year at facilities including Delaney Hall in Newark, New Jersey. A 41-year-old detainee, Edwin Lopez-Cornejo, died this week while in custody at the facility. The death is the latest at a site that has also drawn complaints from hunger-striking detainees. Advocacy groups are calling for an investigation into the facility's medical care. |
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Markets |
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Private hiring falls to 44,000 in July 44K U.S. companies added a revised 95,000 jobs in June, as hiring had held up despite tariff and rate uncertainty. Private payrolls grew by just 44,000 in July, ADP Research reported Wednesday, August 5, the smallest gain since January. Nearly all of the growth came from health care, while goods-producing companies cut jobs. The soft reading comes two days before the government's official jobs report, due Friday at 8:30 a.m. ET. |
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Dow snaps 5-day win streak as oil rebounds The Dow closed at a record high Monday before a rebound in oil prices revived concern about a possible Fed rate increase. The index fell 464 points, or 0.85%, on Thursday, August 6, while the S&P 500 slipped 0.18% to 7,709.96. Trading took place on the New York Stock Exchange. Eight of eleven S&P sectors closed lower, led by declines in industrials and materials. |
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Brent crude holds near $82 as Hormuz talks continue Oil prices surged earlier this year after Iran closed the Strait of Hormuz amid its war with the U.S. and Israel. Brent crude eased slightly to $82.15 a barrel on Friday, August 7, still up more than 5% over the past month. The benchmark trades on global futures markets. Elevated prices have pushed the average U.S. gas price to $4.06 a gallon, up 36% since late February. |
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Bitcoin holds near $65,000, still down for the year Bitcoin traded above $117,000 a year ago before a sharp pullback across crypto markets in 2026. The cryptocurrency changed hands near $64,745 on Friday, August 7, up slightly from the day before. Trading occurred across major crypto exchanges. Its market value now sits near $1.3 trillion, still well ahead of second-place Ethereum. |
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Entertainment |
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Panthers beat Cardinals 33-30 on last-play TD 33-30 Both teams rested their usual starting quarterbacks for the preseason opener in Canton, Ohio. Undrafted rookie Haynes King came off the bench and ran 5 yards for the winning score with no time left, lifting Carolina past Arizona 33-30. The game took place Thursday, August 6, at Tom Benson Hall of Fame Stadium. It opened the 2026 NFL preseason and gave King a case for climbing Carolina's depth chart. |
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Netflix in talks for 'KPop Demon Hunters' world tour The animated film's soundtrack became a global hit after the movie won Best Animated Feature and Best Original Song at the 2026 Oscars. Netflix is now negotiating with concert promoters to stage a live tour built around songs from the film. Organizers are discussing stops at arenas worldwide. The tour is aimed at 2027, timed to a planned sequel. |
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Disney sets release dates for 'Lilo & Stitch 2,' 'Incredibles 3' Both franchises rank among Disney's most successful animated properties of the past two decades. The studio announced theatrical release dates this week for direct sequels to each film. The announcement came through Disney's own channels. Further details on both projects are expected closer to release. |
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Measles exposure reported at Universal Studios Hollywood Los Angeles County health officials traced the case to a park visitor with a confirmed measles infection. The visitor was at Universal Studios Hollywood on July 26, exposing anyone in the park between 10 a.m. and 9 p.m. that day. The park is located in Los Angeles County. Officials are advising exposed visitors to watch for symptoms through August 16. |
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Zac Brown Band marks 15 straight sellouts with a free cruise The band has now sold out 15 consecutive shows at Fenway Park in Boston. Zac Brown Band celebrated the streak this week by giving concertgoers a free cruise vacation. The shows took place at Fenway Park. No additional dates have been announced. |
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