The Struggles of the Global Markets are being Reflected in the United States Markets Early on Today
Uniic Media Newsletter - Tuesday - August 2, 2022
Smith & Wesson has been Subpoenaed by the U.S. House Oversight Committee
Smith & Wesson Brands Inc has received a subpoena from the United States House Oversight Committee concerning information on Ar-15 style rifle sales and marketing after the CEO of Smith & Wesson refused to appear to a separate subpoena.
The panel cited incomplete data and gaps in the company’s metrics in seeking documents from Smtih & Wesson. The CEO of Sturm, Ruger, and Daniel Defense was also summoned to appear in front of a hearing following the string of deadly shootings in the United States.
The Trump Political Beliefs will be put to the Test Today
The effort by Donald Trump to play as the ring leader of the Republican party is set to be tested today as five states will have the opportunity to vote for candidates in high-profile races for Congress, Governors, and other offices.
In Arizona and Michigan specifically, candidates who have adopted the Trump story of a fraud election could win the nominations for governor and in Kansas, the public will vote to decide whether or not to amend the state’s constitution to allow the GOP-controlled legislature to ban or limit abortions.
Peter Meijer (MI) and Jamier Herrera Beutler (WA) are also two big-name candidates facing off against a Trump-endorsed candidate.
Taiwan says it is ready to Dispatch Forces in Reaction to Chinese Threats
According to the Taiwan Defense Ministry, the military will dispatch forces in the event that they face enemy threats from China. In a statement, Taiwan claimed it has the “determination, ability, and confidence” to ensure the safety of the small island. As tensions continue to rise high with Nancy Pelosi set to visit Taiwan today, several Chinese warplanes have been seen flying close to the median line of the Taiwan Strait.
United States Markets are Reflecting Global Struggles
Tuesday opened with stock futures low as investors look forward to more earnings calls and the monitoring of global markets with the tensions rising between the United States, China, and Taiwan.
The major averages were lower yesterday as August began. International markets gave the cue to the United States markets as Europe’s major indexes experienced a blood bath, Hong Kong’s Hang Seng shed 3% overnight, Shanghai lost 2%, and the Japanese Nikkei shed 1.4%.
California is now in a State of Emergency due to Monkeypox
Gavin Newsom has declared a state of emergency in California to accelerate the efforts to ease the state’s monkeypox outbreak. The declaration is set to help California coordinate a plan, seek more vaccines, and lead an outreach on education efforts.
The California Governor said, “We’ll continue to work with the federal government to secure more vaccines, raise awareness about reducing risk, and stand with the LGBTQ community-fighting stigmatization,” as the state has recorded nearly 800 cases of the viral disease.