Here are the main headlines for today, August 7th.
Headlines
Senate Committee Votes to Hold Fauci in Contempt of Congress
The Senate Homeland Security and Governmental Affairs Committee voted along party lines Thursday to hold Dr. Anthony Fauci in contempt of Congress after he invoked the Fifth Amendment more than 100 times during a hearing on the government’s COVID-19 response. Source
President Trump defended Defense Secretary Pete Hegseth after reports surfaced that the Pentagon has nearly exhausted its supply of precision-guided munitions amid the ongoing war with Iran, insisting in a Truth Social post that the U.S. has “massive amounts” of weaponry and dismissing the reports as “false and completely unfounded rumors.” Source
A 14-year-old student opened fire at a secondary school outside Bangkok, Thailand, on Friday, killing at least six people and wounding more than a dozen after first killing his grandparents, in what authorities called the country’s worst mass killing since 2022. Read More
Politics
A federal judge ruled that President Trump can, for now, avoid turning over details of his business empire to the BBC as part of a legal dispute. Read More
Arizona Democratic Gov. Katie Hobbs plans to select a former Republican mayor as her 2026 running mate, part of a broader trend this week of cross-party moves in campaigns nationwide. Find out More
Rep. Andy Ogles, R-Tenn., lost his Republican primary Thursday despite an endorsement from President Trump, with the Associated Press projecting former state Agriculture Commissioner Charlie Hatcher as the GOP nominee for the seat. See Details
U.S. News
President Trump signed a new executive order Thursday narrowing access to birthright citizenship, renewing an effort that was struck down by the Supreme Court earlier this year. Source
The U.S. has raised the reward to $ 25 million for information leading to the arrest of Juan Carlos Valencia González, a U.S. citizen identified as the new leader of Mexico’s Jalisco New Generation Cartel, the Justice Department said. Source
Smoke from 86 uncontained wildfires burning across the northwestern United States, fought by more than 26,000 firefighters, blanketed the region’s skies Thursday, according to satellite imagery released by federal fire officials. Source
Business
U.S. stocks slipped Thursday as Treasury yields rose and investors weighed a raft of earnings reports alongside hopes for an imminent Strait of Hormuz deal, with the Dow shedding 0.9% to snap its record win streak while the S&P 500 and Nasdaq also finished lower. Source
The S&P 500 has surged back to record territory as the AI trade returns, with industrial stocks also climbing on signs that AI-driven capital spending is spreading deeper into the broader U.S. economy. Source
British regulators cleared Paramount Skydance’s roughly $110 billion takeover of Warner Bros. Discovery Thursday after the company offered assurances on media diversity. Find out More
Market Report
| Symbol | Last Close | % Change | |
|---|---|---|---|
| Dow Jones | DJIA | $52,348.39 | -1.09% |
| S&P 500 | SPX | $7,482.71 | -0.28% |
| Nasdaq Composite | IXIC | $25,870.65 | 0.20% |
| Alphabet Inc. | GOOG | $356.62 | -0.97% |
| Tesla, Inc. | TSLA | $319.53 | -0.63% |
| Apple Inc. | AAPL | $312.41 | 0.45% |
World News
Russia has begun deploying a North Korean missile unit equipped with up to 120 ballistic missiles and six launchers for use in its war against Ukraine, a Ukrainian intelligence official said. Find out More
Taiwan’s president took shelter in an armored vehicle Friday as part of a simulated “decapitation strike” drill during the island’s annual Han Kuang military exercise, which is testing Taiwan’s ability to repel a potential Chinese attack. Source
Saudi Arabia is bracing for “multiple coordinated attacks” on its ports and airports by Iraqi militias working with Iran-backed Houthi rebels, a Saudi official said, as the Middle East conflict threatens to widen even as Iran and Oman near a deal to reopen the Strait of Hormuz. Source
Entertainment
Zendaya and Tom Holland quietly married earlier this year and celebrated with a private reception this week at a luxury countryside hotel in Surrey, England, not far from Holland’s hometown, according to a report first surfaced by Deuxmoi. Source
Nicolas Cage will play NFL legend John Madden in a new biopic from director David O. Russell, co-starring Christian Bale, that Amazon MGM Studios says will begin streaming worldwide on Prime Video in November. ( See Details
Rockstar Games announced Thursday that an extended look at the long-awaited “Grand Theft Auto VI” will premiere on Netflix and YouTube on August 27. Read More
Sports
Rookie quarterback Haynes King scored on a 5-yard run with no time left to lift the Carolina Panthers over the Arizona Cardinals, 33-30, in Thursday’s Pro Football Hall of Fame Game, officially opening the NFL’s 2026 preseason. See Details
NASCAR will implement a new stage-break procedure for Cup Series races beginning this weekend at Iowa Speedway, a change aimed at limiting laps run under caution and producing more green-flag racing for the rest of the season. Source
The 2026 Wyndham Championship rolls into its second round Friday at Sedgefield Country Club in Greensboro, North Carolina, with pressure mounting on golfers hoping to crack the top 70 in FedEx Cup points and punch a ticket to the playoffs. Find out More
Off the Wall
The Perseid meteor shower, one of the year’s most prolific, is underway and offers stargazers a chance to catch dozens of “shooting stars” an hour as Earth passes through debris from the comet Swift-Tuttle. Source