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1. TRUMP SPEAKS IN RETURN TO WASHINGTON
In his first post-presidency visit to Washington, D.C., former President Donald Trump delivered a speech on a variety of issues including crime, transgender women playing on women’s sports teams, puberty blockers for children and border security, and he reiterated his false claim that the 2020 election was stolen from him. There was some speculation that Trump would declare his candidacy for reelection in 2024, and while he didn’t do that, he hinted that an announcement could come “a lot sooner than people think.” Cheddar News’ Ben Deeter breaks down Trump’s America First Agenda Summit speech. CHEDDAR NEWS
An announcement of an announcement … always a Need2Know favorite.
2. MILITARY BACKUP IF PELOSI VISITS TAIWAN
In response to China’s threat “to take firm and strong measures” if House Speak Nancy Pelosi visits Taiwan, the U.S. said it would beef up its military presence to provide protection for her flight and during her time on the ground. The AP warned that “a mishap, misstep or misunderstanding could endanger her safety.” Pelosi has not confirmed she’ll visit the island country, and President Joe Biden recently said the trip is “not a good idea right now.” AP
3. RUSSIA QUITTING INTERNATIONAL SPACE STATION
Russia will pull out of the International Space Station in 2024 to build its own orbiting outpost, ending a partnership with NASA that linked Russia and the U.S. for decades despite their adversarial history. The move comes amid high tensions between Russia and the West over the war in Ukraine. The ISS consists of two main sections: one run by Russia and the other by the U.S. and other countries; currently aboard are three Russians, three Americans and one Italian. CHEDDAR NEWS
Russia just needed some … space. (Sorry.)
4. EUROPE AGREES TO RATION GAS
European Union leaders approved a law designed to lower demand for natural gas by 15% from August to March to protect the EU against further Russian reductions in supply. The legislation, which came as Moscow continues its invasion of Ukraine, includes voluntary steps to reduce gas consumption, but the cuts could become mandatory should the savings prove insufficient. CHEDDAR NEWS
5. ALPHABET’S ‘MEH’ EARNINGS
Google parent company Alphabet fell short of analysts’ estimates on its second quarter performance, but its continuing revenue growth is giving investors confidence that the company may not be as affected by inflation and other economic challenges. Alphabet came in at $1.21 per share against the expected $1.28, and revenue totaled $69.69 billion vs. the expected $69.9 billion, both according to Refinitiv. CHEDDAR NEWS
6. POSITIVE SIGN FOR INFLATION?
Walmart yesterday lowered its profit outlook for the second quarter, citing customers who are spending more on lower-margin products like food and fuel, and less on higher-margin durable goods like furniture and electronics. Such trends have led large retailers to mark down products to clear inventory as they deal with surplus issues. The trend could have positive implications regarding inflation. A new Morningstar report predicts inflation will taper off in 2023 and switch back the deflationary trends of recent decades. CHEDDAR NEWS
7. WHITE HOUSE LAUNCHES HEAT WEBSITE
Amid heat waves nationwide, the White House launched HEAT.gov, which helps Americans access information to “reduce health, economic and infrastructural impacts of extreme heat.” A component of the Biden administration’s climate change agenda, the site includes a live map of heat advisories, a live count of how many Americans are facing extreme heat, and a live feed of heat-related news. HEAT.GOV
Suffering in the heat? Here’s a website to cool you down.
8. MICKEY MANTLE CARD WORTH MILLIONS
A rare 1952 Mickey Mantle baseball card just listed on the auction block this week is already garnering bids north of $5 million. Anthony Giordano of New Jersey purchased the card in 1991 for just $50,000, and now experts estimate its value to be $10 million based on an assessment of its appearance and overall condition. A 1909 Honus Wagner card currently holds the auction record with a $6.6 million sale in 2021. If you have a few million dollars to spare, you have until Aug. 27 to place your bid. CHEDDAR NEWS
Real fact: Mantle earned just over $1 million during his entire playing career. Give his family the card for free!
The 1952 Mickey Mantle baseball card is in mint condition. [AP Photo/LM Otero]
9. POT LAWS UNDER THE MICROSCOPE
The focus was supposed to be on cannabis laws and social justice at a Senate subcommittee hearing Tuesday. On the one hand, Sen. Cory Booker talked about the "festering injustice" of the laws currently on the books. On the other hand, Sen. Tom Cotton said the Cannabis Administration and Opportunity Act should be called the “marijuana reparations act." But the truth is senators asked a whole lot of questions that went far beyond the topic of social justice. CHEDDAR NEWS
10. IN MEMORIAM: THE CHOCO TACO
The world continues to mourn after Klondike announced it has discontinued the Choco Taco, a waffle cone shaped like a taco shell and filled with fudge-swirled ice cream that is dipped in chocolate and peanuts. A Klondike representative cited “an unprecedented spike in demand across our portfolio” for the demise of the fan-favorite goody. Choco Tacos weren’t typically found on grocery store shelves but gained popularity at pools and ice cream trucks. CHEDDAR NEWS
R.I.P., Choco Taco [Klondike/Unilever]
Read up on the biggest stories in entertainment from the last 24 hours, including Lizzo securing top song on the Billboard Hot 100, the VMA nominations, and Nicki Minaj reaching an Instagram milestone. Also, watch Steve-O eat the hottest pepper in the world as Ryan Reynolds looks on. CHEDDAR NEWS
You can now book a stay at "The Godfather" mansion or the Spice Girls bus on Airbnb. Cheddar News’ Baker Machado and Hena Doba take a closer look at some other interesting movie and TV houses that are available to rent for a night. CHEDDAR NEWS