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Hello! The Labor Party Taking back power In recent months, Britain’s first new prime minister in 14 years has been trying hard to appear more approachable to voters, and an unlikely source has been helping him. Former US President Barack Obama.
The big news story today focuses on the growing pressures facing President Joe Biden. give up one’s reelection campaign.
On Deck:
But first, it’s time to make a decision.
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The big story
A campaign in peril
Win McNamee/Getty Images, Chelsea Jia Feng/BI
“Should I stay here or should I leave?”
As rumors swirl about President Joe Biden’s reelection, The Clash’s 1982 hit could become his national anthem.
The President He is reportedly questioning the future of his campaign. As support continues to decline, How will Biden continue his campaign?Business Insider’s Brian Metzger wrote:
Biden’s disastrous performance in the June 27 debate is hard to shake. And voters are Countless excuses — cold, lack of preparation, jet lag — his campaign presented.
Recent major national surveys Shows Biden is falling behind former President Donald TrumpIn states that have long been Democratic strongholds, such as New Mexico and Virginia, There is a possibility of obtaining.
Even his own party began to turn against him. Reps. Lloyd Doggett and Raul Grijalva Two incumbent Democratic Senators They call on Biden to back down.
Meanwhile, Vice President Kamala Harris, the front-runner to succeed Biden, has failed to elicit a strong response.
Some Democrats have begun voicing their support for her. A bit ironic, though..
In many ways, Harris The only viable option for DemocratsUnder campaign finance laws, the vice president is the only candidate who can easily inherit campaign funds. The Biden campaign has raised hundreds of millions of dollars.
Patrick Semansky/AP Photo; BI
Biden’s first post-debate interview may ultimately decide his fate.
The president will speak today with ABC News’ George Stephanopoulos in a primetime interview tonight.
One Biden supporter told The New York Times that the president knows how crucial the next few days are to the future of his campaign.
But Biden’s team has denied the notion that the president is considering resigning. The White House has categorically denied such reports. White House press secretary Karine Jean-Pierre told reporters on Wednesday that Biden is “absolutely not” considering resigning.
There is one group that supports Biden. Republican.
Many on the right believe that a Biden presidency would give Trump the best chance of returning to the White House, and some Republicans are reportedly taking legal action to keep Biden on the ballot.
Three things in the market
Tommy/Getty Images
- The real estate market will remain tough. Veteran strategist predicts The real estate market is heading for a correction This could hit mortgage holders especially hard: “People are going to have to start selling their homes,” he said.
- Bad weather = good profits. CFRA noted that insurance stocks such as Berkshire Hathaway and Progressive will benefit from what experts are predicting will be a “very active” hurricane season, with more storms “likely to drive up prices for many property-casualty and reinsurance policies.” CFRA said.
- Will the S&P 500 hit 7,000 next year? Capital Economics predicts Benchmark index to rise 27% by 2025But chief economist Neil Shearing predicts the bubble will eventually burst if investor enthusiasm outpaces earnings growth.
Three things about technology
Nvidia CEO Jensen Huang.
Justin Sullivan/Getty Images
- AI’s huge appetite for electricity. Over the next two years, generative AI is expected to add demand equivalent to three times the energy use of New York City. The U.S. will have to expand its power grid to keep up. Huge opportunities for construction, power and data center cooling companies.
- Big tech companies acknowledge that AI poses a major threat. Google and Meta have been loud and proud about their commitment to the AI race. But privately, Concerns about ethical, legal and regulatory issues raised by AI “Brand and demand” were rising concerns, with misinformation and data privacy being the top concerns.
- There’s a new development in Apple’s deal with OpenAI. According to Bloomberg: Apple joins OpenAI board as observerThe move puts Apple on an equal footing with Microsoft, OpenAI’s biggest backer. It has a very different deal than OpenAI..
Three things in business
iStock; Rebecca Zisser/BI
- Women’s sporting goods have an unexpected champion. There is high demand for kits and jerseys from female sports stars such as Caitlin Clark and Alex Morgan, but the market is plagued by issues such as low stock, lack of retailers and limited choice. Small businesses are thriving.
- Will she make it to the top? Haley Welch, who became known as the “Hawk Tua Girl” after her answers to R-rated street interview questions went viral, is hoping to use her newfound fame to make money. But it’s unclear how she will last the full 15 minutes..
- Saks Fifth Avenue acquires Neiman Marcus. of $2.65 billion sale This shows just how tough things are getting in luxury retail. And it’s not just that: Both Amazon and Salesforce are also in the deal, each taking a minority stake in the new company, Saks Global.
In other news
Today’s happenings
- The first footage of Biden’s interview with George Stephanopoulos will air on ABC.
From the Insider Today team: Dan DeFrancesco, deputy editor and anchor, New York; Jordan Parker Erb, editor, New York; Hallam Block, senior editor, London; Amanda Yen, fellow, New York.