Watch live: Marjorie Taylor Greene gives remarks at town hall
Greene, who has been a vocal ally for President Trump, will join a list of Republicans who have held in-person events despite guidance not to do so. The Georgia Republican is also the chair of the House Oversight and Government Reform Subcommittee on Delivering on Government Efficiency.
The event comes after the GOP lawmaker threw money into slumping stocks last week amid concern over Trump's latest tariff announcement and a global trade war. The move has been criticized by those on the other side of the aisle, including House Minority Leader Hakeem Jeffries (D-N.Y.), and brought a potential stock trading ban for government officials back into the spotlight.
The town hall is scheduled to begin at 6 p.m. EDT.
Watch the live video above.
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Los Angeles Times
20 minutes ago
- Los Angeles Times
European leaders rally behind Ukraine ahead of Trump-Putin meeting
KYIV, Ukraine — European nations have rallied behind Ukraine, saying peace in the war-torn nation can't be resolved without Kyiv, ahead of a planned meeting this week between President Trump and Russia's Vladimir Putin. Trump had said Friday's meeting in Alaska with his Russian counterpart was to discuss ending the more than three-year war. Ukrainian President Volodymyr Zelensky responded by thanking European allies and wrote on X on Sunday: 'The end of the war must be fair, and I am grateful to everyone who stands with Ukraine and our people.' Saturday's statement by top European leaders came after the White House confirmed the U.S president was willing to grant Putin the one-on-one meeting Russia has long pushed for, and suggestions from Trump that a peace deal could include 'some swapping of territories.' That raised fears that Ukraine may be pressured into giving up land or accepting other curbs on its sovereignty. A White House official, who spoke on condition of anonymity as they aren't allowed to speak publicly, told the Associated Press that Trump remained open to a trilateral summit with both the Russian and Ukrainian leaders, but for now he will have the bilateral meeting requested by Putin. Trump had earlier said he would meet with Putin even if the Russian leader would not meet with Zelensky. On Saturday, U.S. Vice President JD Vance met with top European and Ukrainian officials at the British Foreign Secretary's weekend residence to discuss how to end the war. The Trump-Putin meeting could prove pivotal in a war that began when Russia invaded its smaller neighbor in 2022 and has led to tens of thousands of deaths, although Moscow and Kyiv remain far apart on their conditions for peace. Saturday's statement, signed by the president of the European Union and leaders of France, Germany, Italy, Poland, Finland and the U.K., stressed the need for a 'just and lasting peace' for Ukraine, including 'robust and credible' security guarantees. 'Ukraine has the freedom of choice over its own destiny. Meaningful negotiations can only take place in the context of a ceasefire or reduction of hostilities,' the statement said. 'The path to peace in Ukraine cannot be decided without Ukraine. We remain committed to the principle that international borders must not be changed by force,' the Europeans added. A monthlong U.S.-led push to achieve a truce in Ukraine has so far proved fruitless, with Kyiv agreeing in principle while the Kremlin has held out for terms more to its liking. Trump had also moved up an ultimatum to impose additional sanctions on Russia and introduce secondary tariffs targeting countries that buy Russian oil if Moscow did not move toward a settlement. The deadline was Friday. The White House did not answer questions Saturday about possible sanctions. Russia last week reiterated demands that Ukraine give up territory, abandon its bid to join NATO and accept limits on its military in exchange for a withdrawal of Russian troops from the rest of the country. Particularly galling for Kyiv is Moscow's insistence that it cede pockets of eastern and southern Ukraine the Kremlin claims to have annexed, despite lacking full military control. Mark Galeotti, an expert in Russian politics who heads the Mayak Intelligence consultancy in the United Kingdom, says Moscow's tactic of encircling towns in eastern Ukraine has brought a string of territorial gains for Russia, and Putin 'seems to feel he is still winning.' 'Putin does not appear to feel under pressure,' Galeotti argued in an analysis published Sunday by Britain's Sunday Times newspaper. He said that for Putin, 'further delaying any more serious U.S. action and the optics of a meeting with the U.S. president will already be wins.' Zelensky said Saturday that Ukraine 'will not give Russia any awards for what it has done' and that 'Ukrainians will not give their land to the occupier.' Ukrainian officials previously told the AP privately that Kyiv would be amenable to a peace deal that would de facto recognize Ukraine's inability to regain lost territories militarily. But Zelensky on Saturday insisted that formally ceding land was out of the question. Galeotti argued that any deal that involves Ukraine abandoning territory would be 'agonizing' and politically dangerous for Zelensky. Andriy Yermak, a top aide to Zelensky, noted on Sunday that Kyiv will strive to boost its position ahead of the planned Trump-Putin meeting. 'Ahead lies an important week of diplomacy,' he said. Kullab writes for the Associated Press. AP writer Michelle L. Price in Washington, D.C., contributed to this report.
The Hill
20 minutes ago
- The Hill
Cornyn leans into Texas redistricting fight amid uphill reelection bid
Sen. John Cornyn (R-Texas) is leaning into the Texas redistricting battle as he seeks to fend off a conservative primary challenge from Attorney General Ken Paxton (R). On Tuesday, Cornyn publicly called for FBI Director Kash Patel to assist in tracking down Democrats who fled the state in protest. Two days later, the senator and Texas Gov. Greg Abbott (R) separately confirmed that the FBI was assisting in the effort. The move to get out in front of the redistricting battle allows Cornyn to ingratiate himself with the state's deeply conservative base, who have distanced themselves from the incumbent senator in his uphill primary battle against Paxton. 'I think this is a good opportunity for Cornyn to show that he's a fighter and that's willing to take on an issue that's a red meat issue that resonates with the base. When you see those opportunities, you have to take them,' said Brendan Steinhauser, Cornyn's former campaign manager and a Texas-based GOP strategist. 'In campaigns like this, you don't get to control events. You can only control how you react and respond to them,' he continued. 'This is exactly the kind of thing he needs.' Cornyn's allies have touted the senator's move. The National Republican Senatorial Committee (NRSC) rolled out a digital ad titled 'Cornyn Fights–Paxton Folds.' The incumbent senator and his allies have also taken a number of swipes at Paxton in the process, pointing out that the state attorney general was in Europe as the redistricting battle erupted. Paxton had previously traveled to Scotland at the end of July and met with Trump during the president's trip to his Turnberry golf course. 'Memo to @kenpaxtontx:Hey, Ken. Are you in the office today? It's kind of important. Let me know if you need the off the golf course in Scotland and do your job. President Trump and Governor Abbott need a focused AG. For once,' Cornyn said in a post on X earlier this week. An unnamed Republican strategist called Paxton's decision to stay in Europe 'a missed opportunity,' but added it was not 'necessarily a vulnerability.' 'Texas Democrats doing this wasn't a surprise,' said an unnamed GOP strategist.'I'm really surprised that Paxton didn't plan better and go 'You know what, I should probably do my visit with Trump and at least come back to Austin for a day and half.'' The same strategist argued that Cornyn's role as a federally elected official has forced him to 'cheer from the stands,' while it is easier for Paxton to get involved as a state elected official. 'It's such a state-centric issue,' the strategist said. 'If anybody, it would traditionally advantage Paxton over Cornyn just given his role in being able to use the Texas judicial system to chase these folks down.' And Paxton has emerged as a prominent voice in the fight. He initially criticized Cornyn's call for the FBI to intervene on Steve Bannon's 'War Room' podcast on Tuesday, saying it was 'purely a state issue.' But Paxton later reversed in a statement to The Hill, saying he was open to the FBI getting involved. 'I'm in full support of using every possible method to secure a quorum and hold lawless Democrat legislators accountable for abandoning Texans, including involving federal authorities and the FBI,' Paxton said. And as state attorney general, Paxton has used his office to take action against Texas Democrats. Paxton announced this week he would seek judicial orders 'declaring that runaway Democrats who fail to appear by the Speaker's deadline have vacated their office.' Additionally, Paxton said he is investigating whether former Rep. Beto O'Rourke's (D-Texas) political group is breaking laws by allegedly 'bankrolling' the state Democratic lawmakers out-of-state travel. 'It's more about the actions he takes, it's more about the statements, it's more about having a voice in this, and you don't necessarily have to be in the state to accomplish that,' Steinhauser said. The pro-Paxton Lone Star Liberty PAC compiled mainstream media coverage of the state's redistricting saga and Paxton's response, along with conservative media figures praising the state attorney general, into a digital spot released on Friday. The redistricting battle comes as Cornyn faces the biggest fight of his political life in his bid to hold onto his seat. Outside groups backing Cornyn have spent swaths of money boosting Cornyn in recent weeks. According to the Texas Tribune, the Senate GOP leadership-affiliated One Nation has spent over $4 million in advertising, while Texans for a Conservative Majority, another pro-Cornyn group, has spent $3.2 million. The pro-Cornyn Conservative Majority Project has spent roughly $500,000. 'They're just throwing everything at the wall possible to try to capture one poll that shows him with momentum and really gaining on Paxton,' the unnamed strategist said. 'They're doing it to get the president's attention.' Most polls have shown Cornyn consistently trailing Paxton in the polls, in many cases by double digits. Cornyn's team has maintained that there is plenty of time to close the gap by next year. There is also the hope that an endorsement from Trump, who has given no indication he will wade into the primary, would boost Cornyn. 'These skirmishes on redistricting and otherwise are just bigger parts of the play for Cornyn in a mad dash to try to do anything he can to take the lead in polling,' the strategist said.
Miami Herald
20 minutes ago
- Miami Herald
Analyst expects gold to fall off the 'Wall of Worry'
Investors have been climbing the proverbial wall of worry to new record highs on the stock market this year, fearful with each step that the market is about to have a reversal. Meanwhile, gold's move to record highs has been far more impressive, and buyers seem to have no worry that the end of their rally is in sight. Stocks, as measured by the Standard & Poor's 500, were up roughly 9.4% through August 8 – though they were up nearly 28% since the market bottom on April 9, the day when President Donald Trump paused tariffs just days after announcing them. Don't miss the move: Subscribe to TheStreet's free daily newsletter Meanwhile, gold has soared by 29.5% this year, through August 8, standing at roughly $3,460 an ounce. Its gain since the post-tariff announcement low is roughly 18%, but gold also didn't suffer as much as stocks in the meltdown that accompanied the tariff news. The three-year annualized average return on gold, as measured by SPDR Gold Shares (GLD) , is 23.4%, well above its historic averages; from 1971 to 2024, the annualized return on the shiny stuff was just under 8%. Gold's rise hasn't been as a result of its traditional role as a hedge against inflation, because it normally takes a protracted time period with prices rising by more than 5% for gold to kick in that way. Instead, gold has been seen as an ideal hedge against geopolitical risk, the fighting in Ukraine and Gaza, the prospect of trade wars coming from the tariffs, and more. With no end in sight to those problems, plenty of investors have become gold bugs, looking to precious metals for protection and profits in times of uncertainty. More investing: Analyst says popular meme stock is worth less than zeroVeteran fund manager turns heads with Palantir stock price targetTop analyst sends Apple CEO bold message about its future And while buying gold now – or stocks, for that matter – can feel a bit like showing up late to the party, most industry watchers are suggesting that full-steam ahead is more likely than some reversion to the mean. While there is no shortage of caution and nervousness, there is no widespread call for recession even into 2025. Plenty of market observers saying that rate cuts (whenever they start) and the economic benefits of deregulation – the next big component of President Trump's economic plan – will offset the headwinds to keep things moving forward, albeit moderately. And plenty of gold analysts make a case for the gold rally to continue. "This gold bull market might be a little bit old in the tooth … it started in 2016," said Thomas Winmill, manager of the Midas Discovery Fund (MIDSX) , in an interview on the August 4 edition of "Money Life with Chuck Jaffe." "It's up over 300% in those nine years. That has not happened very often. The average bull market for gold is about 53 months, according to my research, and this is over 110, almost twice the normal length." Related: Veteran strategist unveils updated gold price forecast Still, Winmill insisted gold is not overpriced: "If you adjust the former high, which was reached back in 1988, for inflation, we're actually below that high, which inflation-adjusted would be about $3,500 an ounce." "The basket of gold stocks represented by the Gold Bugs Index hit a high of 600 in August of 2011 when the gold price hit 1800," Winmill added, "and that index is well below that now, in the 400 range, about 430. So, on that score, we've got 50% to go in gold stocks." On the other side of that trade is veteran commodities and futures analyst Carley Garner, senior strategist at DeCarley Trading, who said in an interview from the August 5 edition of "Money Life" that it's a "sell-the-rallies market in both gold and silver, and the reason I think that is I believe the U.S. dollar has bottomed, and I think it will continue to work its way higher." Garner said that move in the dollar changes the landscape for a lot of commodities, but particularly the metals, and especially in times when gold "is probably the most volatile it's ever been." It's not the volatility that concerns Garner so much as the price, especially because, she said, "A lot of people are putting money in gold just because it's going up." "But I've lived through 2011," she added, "and I remember all of the same stories that are circulating in gold, all the reasons to buy it. 'The central banks are buying this and that. You can't trust the dollar,' so on and so forth. "All of those things were narratives in 2011, and gold topped, and then took a 50% haircut, and it took a decade to get back." Garner added that a 50% haircut is not just a possible scenario, but also "might actually be what could be around the corner." Garner noted that she isn't trying to predict anything, but rather is reading the probabilities. While her take on gold is sour, her take on the stock market isn't much better, with a probability of being much lower than current levels before it can trade significantly above them. She noted a trend line in the monthly chart of the S&P 500 futures, looking at high points, that "comes in right around 6,000 [on the S&P index]. So can we go above 6500? Sure. But the odds that we see higher than that here in the next handful of months, are pretty slim. A more likely scenario is we get continuation of the consolidation or the pullback. But the problem is, I don't see any good support on a monthly chart until we get into the low 5000s." In her personal portfolio, Garner noted that she is heavily overweight Treasury securities. She has used this strategy before to ride out rough patches until the market made her more optimistic. "Treasuries, regardless of where you look at the curve, are paying 4% to 5%," Garner said. "And if you hold expiration, you get that money.…So I'm just playing the odds here. And the odds are Treasuries are [a] much better buy than stocks." Related: Legendary Wall Street forecaster Bob Doll is having his best year The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.
