The Pour Over Today - Harris and Trump Debate Debating, Team USA’s Latest Golds, a Rough Patch for the Stock Market & More | 08.05.24

Episode Date: August 5, 2024

Today we’re talking about Vice President Harris and former President Trump’s debate disagreement; the latest wins and controversies from the Paris Olympics; a disappointing few days on Wall Street; and other top news for Monday, August 5th. Stay informed while remaining focused on Christ with The Pour Over Today. Please support our TPO sponsors! CSB: links.thepourover.org/CSB_Podcast_0701 Cru: give.cru.org/tpo Compassion International: compassion.com/TPO Upside: https://links.thepourover.org/Upside Every Woman's Bible: everywomansbible.com Life Application Study Bible: https://links.thepourover.org/LASB_Podcast

Today, we're talking about Vice President Harris and former President Trump's debate disagreement, the latest wins and controversies from the Paris Olympics, a disappointing few days on Wall Street, and other top news for Monday, August 5th. Stay informed while remaining focused on Christ with a pour over today. Here's the quote of the day, God tolerates even our stammering and pardons our ignorance whenever something inadvertently escapes us, as indeed without this mercy there would be no freedom to pray. John Calvin.

Let's get started with some espresso shots. A debate about the debate may be the only Trump-Harris faceoff voters get. Vice President Harris wants to sub in for President Biden on September 10th's ABC debate sequel to CNN's June blockbuster. However, former President Trump says the ABC arrangement, one, is a conflict of interest given his lawsuit against the network, and two, ended with Biden's candidacy. Instead, he wants a full-audience Fox News debate on September 4th. Harris' camp says Trump's running scared, and she won't discuss other debates until he follows through on his commitment.

Trump said, I'll see her on September 4th, or I won't see her at all. Meanwhile, Harris has taken the lead in the funding race after raising a whopping $310 million in July. Her campaign currently has $377 million in cash. Trump's has $327 million. The debate, or lack thereof, may feel important for the US, but will you remember it in a thousand years? Seeing things in an eternal perspective doesn't mean we stop caring about our lives now, but

it reminds us to keep our focus on Christ. Revelation 19, 11, and 16 says, Then I saw heaven opened, and there was a white horse. Its rider is called Faithful and True, and with justice he judges and makes war. And he has a name written on his robe and on his thigh, King of Kings and Lord of Lords." It was a podium packed weekend. Team USA's highlights included gold medals for Swimmers in the World Record Setting 4x100 Mix Relay, Bobby Fink's World Record Setting 1500m Swim, Katie Ledecky's 800m Swim, her

fourth consecutive in that event, Masters Champ Scottie Scheffler. Simone Biles is vault. Beam and floor still to come. Noah Lyles is 100 meter dash. We're talking thousands of a second. Meanwhile, women's boxing is taking gold in controversy. Two medalists from Taiwan and Algeria are facing scrutiny after the International Boxing Association, IBA's, president said. They have XY chromosomes.

The results reportedly came from eligibility tests conducted last year by the Russian-led IBA, which is currently banned from the Olympics for alleged corruption. The Olympic president said it's not a transgender issue, saying both athletes were born, raised, and have always competed as women. Here's a verse to consider when you're tempted to brag about how your country is the first to 3,000 total Olympic medals. God resists the proud, but gives grace to the humble. James 4.6

The stock market had a brutal end to the week. The U.S. added a worse than expected 114,000 new jobs in July, and unemployment rose to 4.3%, its highest point in nearly three years. This sparked concerns over a broader economic slowdown and sent the stock market tumbling. Between Thursday and Friday, the Dow Jones fell 1,135 points, 2.8%, and the tech-heavy Nasdaq officially crossed into a correction, down 10% from a recent high. Leading the charge downhill was Intel. The chipmaker revealed drastic plans

to lay off 15,000 employees and suspend its dividend to shareholders in quarter four. Its stock plunged 26% on Friday. The poor economic numbers make it more likely that the Federal Reserve will cut interest rates soon, something that investors and people wanting lower mortgage rates eagerly await.

Whether the economy surges or collapses, God will remain in control. In the midst of uncertainty on earth, set your hope on the abundance we will enjoy with Christ when he comes. First Peter 1, 3-4 says, Blessed be the God and Father of our Lord Jesus Christ. Because of his great mercy, he has given us new birth into a living hope through the resurgence of Jesus Christ from the dead, and into an inheritance that is imperishable, undefiled, and unfading, kept in heaven for you. Hey, I'm Steph, a writer for the pour-over. Getting gas doesn't have to be smelly, expensive, and depressing.

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every gallon on your first tank of gas using promo code TPO. In other brews, here's a rapid run of updates. The U.S. is bolstering its military presence in the Middle East following last week's Hezbollah and Hamas assassinations. U.S. Secretary of Defense Austin announced that the Pentagon will deploy cruisers, destroyers, and fighter jets to increase our readiness to support Israel, while emphasizing that the U.S.'s priority is still to prevent a wider war. TikTok is back in, still in, the hot seat. The DOJ sued TikTok on Friday, accusing the company of violating privacy laws concerning

the collection of children's data. The suit, which follows a Federal Trade Commission investigation, alleges bite-deads collected the personal information of children under 13 without requiring parental consent, and failed to honor deletion requests from parents. Debbie may not be so little. The tropical storm was expected to strengthen into a hurricane overnight before hitting land in Florida's Big Bend region this morning. As of Sunday, the majority of Florida's west coast was under a tropical storm warning

with expected winds up to 73 miles per hour. Defense Secretary Austin is taking the reins in the case against 9-11 plotters. Last week, a controversial plea deal with the Al-Qaeda attacks architects took the death penalty off the table if the terror suspects pleaded guilty and answered victims' family members' questions. Following strong backlash,

Austin has assumed direct oversight of the case and revoked the deal. Tensions are mounting in Venezuela's contested presidential results. The U.S. acknowledged Enmundo Gonzalez as the winner of Venezuela's presidential election, saying official tally sheets from 80% of polling stations give Gonzalez an insurmountable margin over incumbent Nicolas Maduro. Protesters took to the streets in Caracas Saturday in support of Gonzalez, while the government-run National Electoral Council maintains Maduro won. And that's all we have for today.

Thanks so much for listening. If you're listening on the Apple Podcasts app, give us a 5 star rating and drop a review. If you're listening on Spotify, give us a follow and hit the notification bell to never miss a new episode. We appreciate your support and hope you have a great day. We'll see you on Wednesday.