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Democrats are boldly trying to pass two infrastructure proposals worth a combined $4.7 trillion, but even some in their own party says it's too much. |
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Dems roll out $3.5 trillion infrastructure bill for reconciliation The Democrats seem to have found a way to get everything on their wish list by splitting President Joe Biden's infrastructure plan in two -- one a $1.2 trillion bipartisan bill covering traditional infrastructure like roads and bridges, the other a $3.5 trillion budget reconciliation proposal to fund human infrastructure like child care and healthcare. They face one major obstacle -- are they popular enough to pass by razor-thin margins? The Dems need 10 GOP senators to pass the former, and they can't have any desertions in the Senate on the latter. In fact, the House might not even have enough Democratic support to pass it and Republicans are doing their best to block. SEE THE ODDS OF BOTH INFRASTRUCTURE PLANS PASSING
Bitcoin hits three-month high of $46,000 amid regulation talk Yesterday we told you about a congressional effort to regulate cryptocurrency that would likely result in forcing brokers to pay their fair share in taxes on their earnings. One day later, it seems the crypto crowd is on board even if it costs them a pretty digital penny. Bitcoin rose to a three-month record high Monday as the king of all cryptocurrencies benefited from the news. In fact, bitcoin topped the $46,000 mark for the first time since May and other cryptos are following suit. It seems the legitimacy that government regulation will bring to the industry far outweighs the cost of paying higher taxes. FIND OUT WHAT'S HAPPENING TO OTHER CRYPTO PRICES
Tesla pushes back Cybertruck rollout due to production delays Those anxiously awaiting the arrival of the new Tesla Cybertruck will have to wait until next year as the electric vehicle maker has pushed back the initial rollout date for the highly anticipated truck to 2022. The delay could steal some of Tesla's first EV truck's thunder. Tesla cited delays in new manufacturing equipment that is required to produce the Cybertruck from scratch. With 1 million of the vehicles already pre-ordered, the delays could allow other automakers to gain ground, like GMC’s Hummer EV and Ford’s F-150 Lightning, both due out in spring of 2022. The race to build the first EV truck is on. SEE WHAT'S HOLDING UP TESLA'S CYBERTRUCK ROLLOUT
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Markets
| DJIA | 35,101.85 | -0.30% |
| S&P 500 | 4,432.35 | -0.09% |
| Nasdaq Composite | 14,860.18 | 0.16% |
| Japan: Nikkei 225 | 27,930.48 | 0.40% |
| UK: FTSE 100 | 7,132.30 | 0.13% |
| Crude Oil Futures | 66.93 | 0.68% |
| Gold Futures | 1,733.70 | 0.42% |
| Yen | 110.37 | 0.04% |
| Euro | 1.17 | 0.01% | | * As of market close |
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UN issues 'terrifying' climate change report
As bad as the news about climate change has been over the past two decades, the reality of the phenomenon appears to be even worse than thought. That's according to a new report from the United Nations that says "the climate crisis is not only here, it is growing increasingly severe." World leaders and environmental groups reacted to he Intergovernmental Panel on Climate Change, the most detailed assessment of climate science ever undertaken. The report reveals rapidly increasing levels of greenhouse gas emissions and shows how they are changing the planet. The study calls for swift, decisive action to beat the clock on the climate. SEE HOW THE STATE OF THE PLANET IS WORSE THAN FEARED
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Fauci warns about children catching COVID
For 18 months Americans have been told that COVID-19 is primarily a disease targeting the elderly and those with other health risks. But the new Delta variant is adding another group to the hit list -- children. Because they are not yet eligible to receive the COVID vaccine, children ages 12 and under have become the fastest growing segment of the population to be affected by the virus. And with schools set to open across the country, the fear is that kids could be the next to bare the brunt. FIND OUT WHAT DR. FAUCI IS SAYING ABOUT KIDS AND COVID
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DraftKings buys Golden Nugget's online ops
Sports gambling is big business, and DraftKings is putting itself in position to be the major player the industry. While online gaming becomes legal in more states, DraftKings is gobbling up the competition to the tune of eight acquisitions in 2021, making it the world's largest online sports book. Initially launched as an online fantasy sports site, DraftKings has crossed over into sports gambling by merging with more established players like Diamond Eagle and Vegas Sports Information. To make a smooth transition to the gaming industry,. DK said Monday that its $1.56 billion investment shows how much juice there is to be made as a sports book. CHECK OUT DRAFTKINGS' MASSIVE EXPANSION INTO GAMBLING
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You wanna bet?
The explosion of online gaming has allowed the little guy more access to the action, including the record legal payout to a guy claiming it was his first wager. Who placed it, what did he bet on, and how much did he win? Monday's answer: Starbucks' Pumpkin Scone tips the nutritional scales at 500 calories, 23 fat grams and 70 carbs, so you might want to walk home. SEND YOUR ANSWER HERE TO SHOW OFF YOUR KNOWLEDGE
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Fast Start for friends
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