Donald Trump loyalist Scott Jennings twisted himself up in knots trying to defend the president's mental acuity.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 minutes ago
- Yahoo
Trump announces 100% tariffs on chips, mining stocks tumble
Trump announces 100% tariffs on chips, mining stocks tumble originally appeared on TheStreet. President Donald Trump announced on Aug. 6 that he will impose tariffs as high as 100% on imports of chips and semiconductors to the U.S. Only those manufacturing these products in the U.S. can escape this charge, he added. Trump told reporters in the Oval Office that the new rate would apply to all chip and semiconductor imports except those from companies that have committed to manufacturing in the U.S. As reported earlier, the Bitcoin mining industry has taken a hit due to Trump's tariffs on chips. Mining is the process of using high-tech hardware to validate and secure transactions on a blockchain network that forms the infrastructure of the crypto industry. While the U.S. is the world leader among crypto mining countries, it is Asian countries such as China, Indonesia, Malaysia, and Thailand that are the key manufacturers of mining rig equipment on which even the miners based in the U.S. are announcement immediately sent shockwaves through the stocks of nearly all crypto mining companies. MARA Holdings (Nasdaq: MARA), a prominent Bitcoin miner based in Florida, fell 0.13% in after hours to $15.87 at the time of writing. Similarly, the Colorado-headquartered Riot Platforms (Nasdaq: RIOT) dropped 0.69% to $11.58. Singapore-headquartered miner Bitdeer Technologies (Nasdaq: BTDR) fell 0.62% to $12.89, and the Henderson, Nevada-headquartered CleanSpark, Inc. (Nasdaq: CLSK) fell 0.18% to $10.98. HIVE Digital Technologies (Nasdaq: HIVE) also fell 0.94% to $2.10. Hut 8 (Nasdaq: HUT) fell 0.19% to $20.65. The total crypto market cap stood at $3.76 trillion at the time of writing. Trump announces 100% tariffs on chips, mining stocks tumble first appeared on TheStreet on Aug 6, 2025 This story was originally reported by TheStreet on Aug 6, 2025, where it first appeared. Sign in to access your portfolio
New York Post
4 minutes ago
- New York Post
Beto O'Rourke grilled by CNN host over helping Dem lawmakers flee Texas
Former Texas Congressman Beto O'Rourke was pressed during a CNN interview on Wednesday about why he was helping cover costs for Democrats fleeing Texas to avoid a redistricting vote, rather than spending that money to help vulnerable Texans directly. O'Rourke's group, Powered by People (PBP), has played a major role in supporting the roughly 50 Democrats who left for New York and Illinois. The group is paying for airfare, lodging, and assisting with the $500-per-day fines the lawmakers face for skipping the legislative session, according to the Texas Tribune. Advertisement The walkout by Texas Democrats has stalled the Republican-controlled state legislature from voting on new GOP-crafted congressional maps that would create five more right-leaning congressional districts ahead of the 2026 elections. During the Wednesday interview, CNN anchor Pamela Brown pointed out that O'Rourke's group spent more than half a million dollars in 2021 to help Democrats flee the state to break quorum during a similar protest over a voting bill that ultimately passed. 'We could see a similar scenario this time around. Is it worth it?' Brown asked. 4 O'Rourke said that everyone should be invested in assisting the Texas Democrats. CNN Advertisement 'Absolutely,' O'Rourke responded. 'If we fail, the consolidation of authoritarian power in America will be nearly unstoppable.' O'Rourke argued that every American should be invested in helping the Texas Democrats, warning that a Republican congressional majority would 'roll out a royal red carpet for a Trump third term,' including more ICE raids and 'more retribution and persecution and even violence for Trump's political opponents.' Brown challenged O'Rourke on whether the funds might be 'better spent' aiding vulnerable Texans instead. 4 Many seats remain empty during the House meeting's call to order at the state Capitol on August 05, 2025 in Austin, Texas. Getty Images Advertisement 'We've seen it in the past—they flee, but then inevitably they have to come back, right? You can't just stay out in perpetuity, and the governor can continue to call these special sessions,' she said. 'Do you think the money could be better spent helping those folks you mentioned?' O'Rourke defended the Democrats' efforts, saying, 'I actually believe that they can stay out long enough to stop this steal in Texas.' He praised Democratic governors like California's Gavin Newsom for threatening to pursue similar redistricting tactics if Texas's effort goes forward. 4 Beto O'Rourke speaks during a rally to protest against redistricting hearings at the Texas Capitol, Thursday, July 24, 2025, in Austin, Texas. AP Advertisement 'We have to stop their power grab. We have to win power, and then we have to use it to provide a check on Donald Trump,' he urged. Brown referenced O'Rourke calling on Democrats to 'fight fire with fire' and pointed to Vice President J.D. Vance's recent meeting with Indiana Gov. Mike Braun to discuss redistricting in that state. 'Where does this end?' she asked. 4 State Capitol is seen on August 06, 2025 in Austin, Texas. Getty Images 'It ends with Democrats winning power,' O'Rourke said. 'I think for far too long, my party has been more concerned with being right and coloring within the lines than they've cared about being in power — while the other side only cares about power, regardless of what is right, what is ethical, or what is legal, even.' 'So we've got to take the gloves off, and we've got to fight them. We've got to seize the initiative and stop waiting for these would-be fascists to land the punch — and throw ours first and throw it harder,' he added. Texas Gov. Greg Abbott has called for the lawmakers to be arrested and prosecuted upon their return to the state.
Politico
5 minutes ago
- Politico
How California missed its chance to protect solar funding from Trump
With no official EPA announcement on the Solar for All funding out yet, the CPUC is taking a diplomatic stance. 'The CPUC is actively implementing Solar for All under a stakeholder-driven, EPA-approved workplan,' said agency spokesperson Terrie Prosper. California has about 217 megawatts of capacity of community solar installed or in the pipeline — far less than leading states like Florida (3,873 MW) or New York (2,110 MW). And while other states also haven't spent all their Solar for All awards, some are much further along than California. Illinois, for example, has spent $11 million of its $156 million, according to U.S. spending data analyzed by the firm Atlas Public Policy. California has spent $100,641, according to Atlas' figures. 'California, rather than being a leader in this clean energy aspect, has been a laggard,' said Derek Chernow, western regional director of the Coalition for Community Solar Access, a group of solar developers. California officials have defended the state against other federal provocations on renewable energy, including by suing over lost EV charging funding, proposing a plan to replace lost EV tax credits with state dollars, and weighing fast-tracked permits for renewable energy projects cut off from federal incentives. It's unclear whether the state wants to go to bat for community solar. Asked whether California would sue once the Trump administration terminates the grants, a spokesperson for Attorney General Rob Bonta said the office does not comment on legal strategy. But the episode illustrates how California's window of opportunity is narrowing to get renewable energy projects reliant on federal funding off the ground before the Trump administration quashes them. A bill sponsored by the community solar industry that would have had CPUC redo the tariff and speed up the program failed in the Assembly Appropriations Committee in May. Assemblymember Chris Ward, the author of AB 1260, said he hopes to bring it back next year. 'I've always said that a successful program shouldn't rely on one-time federal funding to survive,' Ward said in a statement. Like this content? Consider signing up for POLITICO's California Climate newsletter.
