Rep. Robert Garcia elected top Democrat on Oversight panel, setting new path for party's opposition
Garcia, of California, won the job overwhelmingly in a closed-door vote of the House Democratic caucus. He beat out Rep. Stephen Lynch of Massachusetts, 150-63.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
Stock market today: Dow, S&P 500, Nasdaq futures drift as Wall Street braces for July inflation report
US stock futures wavered around the flatline on Tuesday as Wall Street braced for July's inflation report and President Trump revealed his pick to head the Bureau of Labor Statistics. Futures attached to the Dow Jones Industrial Average (YM=F), the benchmark S&P 500 (ES=F), and the tech-heavy Nasdaq 100 (NQ=F) all fell below the flatline. Intel (INTC) stock jumped more than 2% in premarket trading on Tuesday after CEO Lip-Bu Tan met with President Trump, who had called for Tan's resignation last week. After the meeting, Trump posted to Truth Social saying that he had met with Tan along with Secretary of Commerce Howard Lutnick and Secretary of the Treasury Scott Bessent. "The meeting was a very interesting one," the president wrote, adding, "His success and rise is an amazing story." On Tuesday, reports said China urged local firms not to use Nvidia H20 chips, complicating Trump's bid to turn those sales into a US windfall. After the bell on Monday, Trump announced that he nominated E.J. Antoni, chief economist at the conservative Heritage Foundation, to lead the BLS. "E.J. will ensure that the Numbers released are HONEST and ACCURATE," the president said on Truth Social. Trump fired Erika McEntarfer as commissioner of the BLS earlier this month following the release of the July jobs report, which contained "larger than normal" revisions to data and revealed fewer jobs than previously thought had been added to the economy. Trump said, without providing evidence, that McEntarfer had been acting politically and her numbers "were wrong." During day trading, stocks slumped even as Trump reportedly granted another 90-day pause on the most punishing tariffs on China as the two countries work toward a trade deal. Read more: The latest on Trump's tariffs Wall Street is preparing for the release of July's Consumer Price Index (CPI) report on Tuesday morning. Analysts expect it to show that prices increased as Trump's tariffs kicked in. A hot inflation report could put the Federal Reserve in a tight spot as it navigates rising prices amid recent signs of a weakening labor market. In the background, anticipation over the possibility of a September interest rate cut continues to grow. Investors will get two more pulse checks on the state of the economy later this week, with the release of the Producer Price Index on Thursday and retail sales data on Friday. Cannabis stocks soar as President Trump considers reclassifying marijuana Tilray (TLRY) stock rose another 10% in premarket trading on Tuesday after soaring 41% on Monday amid speculation that President Trump may move to reclassify marijuana as a less dangerous drug. The Canadian cannabis company traded hands at over $1 per share for the first time since February. Despite a 60% gain in the past month, however, shares are still off by 30% for the year. Other cannabis stocks saw a major lift as well. Trulieve (TCNNF) gained 38% on Monday, Curaleaf (CURLF) was up 35%, Green Thumb Industries (GTBIF) added 19%, Aurora (ACB) increased 16%, and Canopy Growth (CGC) surged 26%. On Friday, the Wall Street Journal reported that Trump told donors at a New Jersey fundraiser he was considering making marijuana a Schedule III drug, which would ease restrictions on the substance. Trump said he will make a final decision in the coming weeks. "We're looking at reclassification and we'll make a determination over the next — I would say over the next few weeks, and that determination hopefully will be the right one," Trump said. "It's a very complicated subject." Intel is still a disaster Intel (INTC) is rallying premarket as Trump walked back his apparent hate for the company's CEO, Lip-Bu Tan, after meeting on Monday. Don't be fooled by the price action, however. This isn't the case like Apple (AAPL), where CEO Tim Cook kisses Trump's butt and the company is exempt from various tariffs. Intel is a fundamental disaster right now. People in the industry I talk to are unsure if the company will ever come back to a state of health, given 1) how fast AI chip development is occurring, and 2) how far behind Nvidia and AMD Intel is. Intel's statement on the meeting: "Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel's commitment to strengthening U.S. technology and manufacturing leadership. We appreciate the President's strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company." Japan's Nikkei hits record high on tariff relief, tech rally The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here. Cannabis stocks soar as President Trump considers reclassifying marijuana Tilray (TLRY) stock rose another 10% in premarket trading on Tuesday after soaring 41% on Monday amid speculation that President Trump may move to reclassify marijuana as a less dangerous drug. The Canadian cannabis company traded hands at over $1 per share for the first time since February. Despite a 60% gain in the past month, however, shares are still off by 30% for the year. Other cannabis stocks saw a major lift as well. Trulieve (TCNNF) gained 38% on Monday, Curaleaf (CURLF) was up 35%, Green Thumb Industries (GTBIF) added 19%, Aurora (ACB) increased 16%, and Canopy Growth (CGC) surged 26%. On Friday, the Wall Street Journal reported that Trump told donors at a New Jersey fundraiser he was considering making marijuana a Schedule III drug, which would ease restrictions on the substance. Trump said he will make a final decision in the coming weeks. "We're looking at reclassification and we'll make a determination over the next — I would say over the next few weeks, and that determination hopefully will be the right one," Trump said. "It's a very complicated subject." Tilray (TLRY) stock rose another 10% in premarket trading on Tuesday after soaring 41% on Monday amid speculation that President Trump may move to reclassify marijuana as a less dangerous drug. The Canadian cannabis company traded hands at over $1 per share for the first time since February. Despite a 60% gain in the past month, however, shares are still off by 30% for the year. Other cannabis stocks saw a major lift as well. Trulieve (TCNNF) gained 38% on Monday, Curaleaf (CURLF) was up 35%, Green Thumb Industries (GTBIF) added 19%, Aurora (ACB) increased 16%, and Canopy Growth (CGC) surged 26%. On Friday, the Wall Street Journal reported that Trump told donors at a New Jersey fundraiser he was considering making marijuana a Schedule III drug, which would ease restrictions on the substance. Trump said he will make a final decision in the coming weeks. "We're looking at reclassification and we'll make a determination over the next — I would say over the next few weeks, and that determination hopefully will be the right one," Trump said. "It's a very complicated subject." Intel is still a disaster Intel (INTC) is rallying premarket as Trump walked back his apparent hate for the company's CEO, Lip-Bu Tan, after meeting on Monday. Don't be fooled by the price action, however. This isn't the case like Apple (AAPL), where CEO Tim Cook kisses Trump's butt and the company is exempt from various tariffs. Intel is a fundamental disaster right now. People in the industry I talk to are unsure if the company will ever come back to a state of health, given 1) how fast AI chip development is occurring, and 2) how far behind Nvidia and AMD Intel is. Intel's statement on the meeting: "Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel's commitment to strengthening U.S. technology and manufacturing leadership. We appreciate the President's strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company." Intel (INTC) is rallying premarket as Trump walked back his apparent hate for the company's CEO, Lip-Bu Tan, after meeting on Monday. Don't be fooled by the price action, however. This isn't the case like Apple (AAPL), where CEO Tim Cook kisses Trump's butt and the company is exempt from various tariffs. Intel is a fundamental disaster right now. People in the industry I talk to are unsure if the company will ever come back to a state of health, given 1) how fast AI chip development is occurring, and 2) how far behind Nvidia and AMD Intel is. Intel's statement on the meeting: "Earlier today, Mr. Tan had the honor of meeting with President Trump for a candid and constructive discussion on Intel's commitment to strengthening U.S. technology and manufacturing leadership. We appreciate the President's strong leadership to advance these critical priorities and look forward to working closely with him and his Administration as we restore this great American company." Japan's Nikkei hits record high on tariff relief, tech rally The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here. The Nikkei 225 (^N225) hit a record high Tuesday as easing US tariff fears boosted optimism, led by tech stocks and tariff relief. Bloomberg News reports: Read more here.
The Hill
5 minutes ago
- The Hill
Hey, Democrats — want to keep losing? Then keep sidelining Jasmine Crockett.
If Democrats want to keep losing elections by chasing elusive, outdated ideals of 'moderate' legislation, then they should continue sidelining rising stars like Rep. Jasmine Crockett (D-Texas). Crockett is a fresh voice representing millions of Americans who demand something new from their elected leaders. A recent Atlantic article revealed that some party elders view Crockett as 'undisciplined.' On the surface, it sounds like standard political advice. But in context, it exposes the respectability politics at play and evinces a deep disconnect from the cultural, media, and generational shifts that have defined the last decade. President Trump has understood these shifts and weaponized them to great success. We in the Biden administration seemed not to understand them — or worse, we just resented them. The Democratic Party needs a change of mindset. Its legacy leaders must either evolve or step aside. The youth aren't with them. Black men are moving to conservative parties. Our cities are slipping away, and the old coalition is breaking. So why is there so much pressure on Crockett to be polished? Mark Zuckerberg is in his 40s, rebranding himself with boxy T-shirts, jiu-jitsu medals, and hip-hop styled gold chains. Sam Altman, just 39, is leading the AI revolution and reshaping global power structures. Across industries, young leaders are not just present—they're shaping the future. Crockett, age 44 and a civil rights attorney, is sharp, media-savvy, and unafraid to speak plainly. She represents the cultural zeitgeist just as much as these men. Yet she is marginalized in her own party, passed over for leadership roles, and left vulnerable to attacks from opponents without the full-throated support of her colleagues. It's telling — especially in a party where the average age of leadership continues to climb into the 80s. Multiple members, including Crockett's predecessor Rep. Eddie Bernice Johnson (D-Texas), have died in office without effectively grooming successors. Why would Democrats sideline Crockett, clinging to appeals to 'moderates,' while the opposition isn't concerned with moderation at all? Republicans aren't running on moderation, they're running on winning majorities. These questions desperately need answers. Democrats must also grapple with their brand of respectability politics — where they speak truth to power in public, but reserve criticism for people in their own circles whom they deem unfit or unworthy behind closed doors. These whispers happen in places like Martha's Vineyard and elite social gatherings. Beaches and luxuries their constituents will probably never see or ever care enough to go to. It's happening to Crockett now. For those raised in the Black church, this is familiar: pastors refusing to step down, never mentoring the next generation, and leaving pulpits and communities in disarray. Crockett's situation is not unique, but it is urgent. She doesn't need to be controlled — she needs to be counseled, empowered, and amplified. Because Crockett is not an outlier or an agitator. She is the base. She is the moment. She speaks for working-class women juggling child care, school pickup, and $16-an-hour jobs with no benefits, driving uber on the weekend. She speaks for young Black men launching LLCs, tired of performative progressivism and poverty politics. She understands the frustration of a generation that grew up quoting Jay-Z and saw Trump glamorized in hip-hop lyrics long before he entered politics. She screams for them so they can keep going to work and getting their checks with some measure of hope and pride, knowing someone is fighting for them and isn't afraid. Whether you like her delivery or not, she's speaking a language people understand — and that's exactly what the party needs. Look at Bishop T.D. Jakes. Last month, he shocked many by announcing his retirement and installing his daughter, Pastor Sarah Jakes Roberts, as his successor. Sarah — a one-time teen mom whose sermons now go viral weekly — has become a spiritual voice for a new generation. By passing the torch while still alive, Bishop Jakes showed a rare understanding: Leadership is legacy, not ego. The Democratic Party should take note. Crockett doesn't need to be molded into an old-school moderate. She needs mentorship, media support, and the mic. If the party doesn't embrace her — and the millions like her — they'll keep losing. Not just elections, but the future.
Axios
5 minutes ago
- Axios
Redistricting spat between Texas Republicans and Democrats stalls other bills
Gov. Greg Abbott's special session is underway in the Texas Legislature but with only one functioning chamber. The state House has not been able to meet this month while dozens of Democrats try to stall Republicans' efforts to reconfigure the state's congressional districts. Why it matters: The ongoing standoff between the state's Republicans and Democrats over redistricting could delay deliberations of other legislation, including property tax reform, stronger THC regulations and more abortion-related restrictions. The big picture: Republicans are targeting five Democrat-controlled districts in Texas, including U.S. Rep. Julie Johnson's seat in Dallas. The latest: Texas Attorney General Ken Paxton has asked the Texas Supreme Court to declare 13 state House seats vacant to reprimand Democrats who left the state to delay a redistricting vote. The state constitution "strikes a careful balance between the right of a legislative minority to resist legislation and the prerogative of the majority to conduct business," Paxton's petition says. Paxton is also investigating who is funding the " runaway Democrats" and pushing for authorities in Democrat-controlled California and Illinois to arrest the lawmakers. Zoom in: Four of the Texas House members targeted in Paxton's Supreme Court petition represent North Texas districts — Jessica González and Ana-María Rodríguez Ramos from Dallas County, Chris Turner from Tarrant County and Mihaela Plesa from Collin County. The Democrats have said that they don't plan to back down.
