Newsletter Jul 29, 2024
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Markets
DJIA 40,589.34 1.64%
S&P 500 5,459.10 1.11%
Nasdaq Composite 17,357.88 1.03%
Japan: Nikkei 225 38,496.83 2.20%
UK: FTSE 100 8,285.71 1.21%
Crude Oil Futures 77.31 0.19%
Gold Futures 2,398.50 0.73%
Yen 154.11 0.23%
Euro 1.09 0.03%
* As of market close

 
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House Speaker calls Olympics anti-Christian

House Speaker Mike Johnson on Saturday criticized the opening ceremonies of the Olympics for featuring a drag queen parody of Leonardo da Vinci's rendition of the Last Supper. Johnson criticized the Olympics in a post on X:  "The war on our faith and traditional values knows no bounds today. But we know that truth and virtue will always prevail." he added. Eighteen drag performers, several of whom were half-naked, performed a spoof of the Last Supper, which depicted Jesus Christ's dinner with his followers prior to his crucifixion.

MARJORIE TAYLOR GREENE, OTHER GOP MEMBERS CHIME IN



Putin threatens to produce mid-range nukes

Russian President Vladimir Putin on Sunday threatened to relaunch production of intermediate-range nuclear weapons if the US confirmed its intention to deploy missiles to Europe. During a Saint Petersburg parade, Putin added that "the development of a number of such systems is in the final stages". Such missiles, which can travel between 500 and 5,500 kilometers (300-3,400 miles), were the subject of an arms control treaty signed by the US and the Soviet Union in 1987.

FIND OUT WHY THE US GOT OUT OF ITS TREATY WITH RUSSIA


Park Fire blazes through northern California

Crews continued Sunday to fight a massive fire in northern California as authorities warned of increasing winds and rising daytime temperatures. The Park Fire outside of Chico had burned more than 357,000 acres, making it the seventh-largest in the state's recorded history. The fire, which has prompted orders for some 4,200 people to flee their homes in Butte County, is burning through a largely rural, mountainous area about 90 miles north of state capital Sacramento.

PARK FIRE POSES A SERIOUS CHALLENGE TO FIREFIGHTERS


Extra point

What are the largest wildfires in terms of acreage in the world and US?

Friday's answer: The world's richest 1% of the population owns 42% of the world's wealth. The bottom 50% owns 1% of the world's total wealth.

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