While President Trump didn’t totally upend the “the party decides” theory that endorsements from political leaders can help a candidate win his or her party’s presidential nomination (it remained useful, for instance, in understanding how Hillary Clinton became her party’s nominee), his success did prompt some rethinking about how our political and media environments have made the success of a political outsider more likely.
Investing.com – Markets continued to monitor Donald Trump’s Twitter account, as tweets from the U.S. president this week regarding the U.S.-China trade war and the Federal Reserve triggered extreme volatility.
UPDATE (Aug. 13, 2019, 9:55 a.m.): Tom Steyer’s campaign announced Tuesday morning that it had hit the 130,000 donor mark. He now needs just one qualifying poll to make the third debate.
Faced with a solid majority of conservative justices on the Supreme Court for the first time in decades, a number of Democratic presidential candidates have said they’re open to increasing the number of seats on the court or establishing term limits for the justices, in an effort to dilute the conservatives’ power. Pete Buttigieg, for example, proposed a plan that would increase the number of Supreme Court justices to 15 in an attempt to balance the court ideologically. Other candidates, like Beto O’Rourke, have called for term limits.
Investing.com – Asian markets were mixed in morning trade on Friday as Beijing said the looming U.S. tariffs on Chinese goods are violations of accords reached earlier this year.