Local News
US stocks hang around their records as GM and others show how tariffs are impacting them
SUMMARY: Wall Street hovered near record highs Tuesday amid mixed corporate earnings and concerns over President Trump’s tariffs. The S&P 500 dipped 0.1% from its all-time high, the Dow rose 0.1%, and the Nasdaq fell 0.5%. General Motors dropped 7.5% despite strong profits, citing a \$4-\$5 billion tariff impact in 2025. Homebuilders like D.R. Horton and PulteGroup surged on better-than-expected profits, despite economic challenges. Genuine Parts trimmed profit forecasts due to tariffs but beat quarterly estimates. Treasury yields fell as markets anticipate a cautious Federal Reserve. Overseas, Japan’s market reacted to political uncertainty after ruling coalition losses. Trade talks with the U.S. remain stalled.
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Local News
Southern Miss Football stops in Gulfport during 2025 Summer Tour
SUMMARY: Southern Miss Football’s bus rolled into Gulfport for the 2025 Beach Bash at the USM Gulf Park campus’s Richburg Hall. Alumni and fans gathered to hear from University President Joe Paul, Athletic Director Jeremy McClain, and new Head Coach Charles Huff, who discussed the state of Southern Miss athletics and the Golden Eagle football program. Coach Huff emphasized building mental discipline, unity, and communication. Quarterback Braylon Braxton and linebacker Chris Jones shared their enthusiasm for the supportive fan base during the summer tour. With 40 days until kickoff against Mississippi State on August 30, excitement is building for the season.
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Local News
3 people are still missing from deadly July 4 floods in Texas county, down from nearly 100
SUMMARY: Just three people remain missing in Kerr County, Texas, down from nearly 100, following catastrophic flash flooding over the July 4 holiday. At least 135 people were killed statewide, including 107 in Kerr County, where the Guadalupe River rose 26 feet overnight, devastating homes, camps, and popular vacation areas. Camp Mystic lost at least 27 people. Officials praised rescuers’ efforts in reducing the missing persons count through intensive search operations. The flooding far exceeded FEMA’s 100-year projections and struck without warning in the middle of the night. Local officials face scrutiny over the absence of an early alert system.
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Local News
Congress approves Trump’s $9 billion cut to public broadcasting and foreign aid
SUMMARY: The House approved President Trump’s request to rescind about $9 billion in public broadcasting and foreign aid funds, marking the first successful presidential rescissions request in decades. The measure passed narrowly (216-213) amid GOP efforts to cut what they see as excessive spending, despite some Republicans’ discomfort. The cuts include $1.1 billion from the Corporation for Public Broadcasting and nearly $8 billion from foreign aid programs supporting disaster relief and democracy-building abroad. Democrats criticized the move for undermining bipartisan investment and harming America’s global standing. Senate GOP removed a contentious $400 million HIV/AIDS cut after objections. Officials hinted further rescissions packages are forthcoming.
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