Greetings! Happy National Senior Citizens Day to those celebrating.
Let’s get into today’s top stories.
Forwarded this email? Subscribe to PM Daily below:
SPONSORED SECTION
Sponsor PM Daily! Unlike other free daily newsletters, PM’s ad model works differently: 1. one single sponsor slot per issue; 2. 100% share of voice (SOV) guaranteed; 3. higher return on ad spend (ROAS) from your first placement.
No-brainer, little risk, high upside. Q3 slots are filling up quickly! Reach our rapidly scaling, high-intent, vetted premium audience by replying to this email right now.
🌎 GLOBAL NEWS
🇭🇰 Hong Kong convicts two Tiananmen vigil organizers. Hong Kong judges convicted pro-democracy activists Lee Cheuk-yan and Chow Hang-tung of inciting subversion over their leadership of the city’s annual Tiananmen Square vigils. Both were former leaders of the Hong Kong Alliance in Support of Patriotic Democratic Movements of China. The alliance itself was also found guilty. Prosecutors charged the pair in 2021 under the national security law imposed by Beijing a year earlier. They each face up to 10 years in prison. Sentencing will come later. The case centered on the alliance’s long-standing call to “end one-party dictatorship” in China. The judges ruled that phrase amounted to encouraging the overthrow or undermining of Communist Party leadership. Lee argued that the demand sought democratic choice rather than violent regime change. For decades, the alliance organized candlelight gatherings at Victoria Park commemorating those killed during China’s 1989 Tiananmen crackdown. Tens of thousands once attended, making Hong Kong the only place under Chinese rule with a large public commemoration. Authorities stopped the vigils during the coronavirus pandemic. Hong Kong’s broader pro-democracy movement was then dismantled rapidly after the security law took effect. Beijing says the law restored stability after mass protests. Critics say the verdict shows that even peaceful advocacy can now be criminalized when its political objective conflicts with China’s constitutional order. Lee and Chow remain among the most prominent figures caught in that transformation.
🇭🇹 Deportations to Haiti resume after protections end. American authorities deported more than 160 people to Haiti in the first large flight since President Trump’s administration won its legal fight to end Temporary Protected Status (TPS) for roughly 350K Haitians. The plane landed in Cap-Haitien rather than Port-au-Prince. American commercial flights to Haiti’s capital remain barred because of gang violence. Gangs control an estimated 70% of Port-au-Prince and territory beyond it. Many deportees covered their faces as they arrived because they feared becoming targets. Haiti’s migration office says the group included former TPS holders and people who had completed prison sentences. Some were not born in Haiti despite having Haitian ancestry. One deportee told officials he had been born in the Dominican Republic and knew little about Haiti. Authorities said they would try to reconnect him with relatives. Other deportees planned to travel south despite gangs controlling major roads and sometimes firing at passing vehicles. Haitian officials offered arrivals food, drinks, and up to $65. Temporary shelter was available for people unable to reach family immediately. Haiti’s government says it did not request the deportations. The Supreme Court allowed the administration to terminate protections affecting about 350K Haitians. A separate federal order blocking removals was lifted on August 5th. The flight therefore converts a legal victory over TPS into a direct test of deportation policy inside a country already destabilized by armed gangs and mass displacement.
🇺🇸 LOCAL NEWS
🗽 Long Island tornado tears through Atlantic Beach. Cleanup is underway after a tornado touched down at Atlantic Beach on Long Island during a violent storm system that also flooded parts of New York City. The National Weather Service (NWS) confirmed that the tornado began as a waterspout over the Atlantic Ocean. Images showed a large funnel cloud moving toward shore. Small buildings at a beach club were torn apart. Weather crews are surveying the damage to determine the tornado’s strength and path. Officials reported no serious injuries. Heavy rain created another danger away from the shoreline. Nassau County Executive Bruce Blakeman said first responders rescued people trapped inside vehicles during flooding. Water also disrupted major transportation routes into and around New York City. A section of the Long Island Expressway in Queens closed in both directions because of flooding. Images showed lines of stopped cars as emergency crews moved through deep water. The combination of coastal tornado damage and inland flash flooding left residents confronting two forms of severe weather at once. Atlantic Beach sits on a barrier island along Nassau County’s southern edge. Its beachfront location made the waterspout’s transition onto land especially visible. New York’s damage assessment now centers on restoring access, clearing debris, and documenting the storm’s path across the Long Island and Queens corridor.
🥫 Food-aid enrollment falls 13% as new rules take hold. Enrollment in the Supplemental Nutrition Assistance Program (SNAP) has fallen more than 13% nationwide in 12 months as new work rules and administrative requirements reshape America’s largest food-aid program. The decline is happening much faster than federal forecasters expected. By May, enrollment had already fallen to a level the Congressional Budget Office did not expect until around 2030. President Trump’s tax and spending law expanded the population subject to work requirements. Most adults ages 55 to 64 must now work, volunteer, or attend school to receive benefits. The rules also reach parents whose children are ages 14 to 17. Adults 65 and older and parents with children younger than 14 generally remain exempt. Some previously exempt homeless people are now subject to the requirements. Supporters say falling enrollment may indicate more recipients are moving into employment and self-sufficiency. Advocates say paperwork failures are also removing people who remain eligible. Arizona recorded the country’s steepest drop. Its enrollment fell 55% in one year, leaving more than 400K fewer people receiving benefits. State officials attributed much of that decline to difficulties implementing federal changes. Florida, Georgia, Louisiana, and Nevada each recorded declines above 20%. Food banks report rising demand as participation falls. Because SNAP eligibility can also connect children to school meals and other nutrition programs, the consequences can extend beyond the grocery benefit itself.
🗂️ MISC
🚗 Tesla recalls nearly 3M cars over door-handle risks. Tesla ($TSLA) is recalling about 2.98M vehicles in China because electronic door handles could make escape or rescue harder after a severe crash. The action covers China-made and imported Model 3, Model Y, Model X, and Model S vehicles. Chinese regulators say electrical-system failures can prevent occupants from opening doors quickly. The same failure can also block rescuers trying to enter from outside. Tesla will use software updates to reduce the risk. The company had not immediately commented publicly on the recall. China has intensified scrutiny of flush and hidden door handles after accidents involving trapped occupants. Regulators announced earlier this year that the designs will be banned beginning in 2027. The Tesla action is part of a broader recall covering more than 4M vehicles from several automakers. Chinese media describe it as the country’s largest vehicle recall this year. Hidden handles became popular partly because they create a sleek exterior and can reduce aerodynamic drag. Their dependence on electronic systems has increasingly become a safety concern. A severe collision can disable precisely the power those mechanisms need. Regulators are therefore treating physical access as a crash-safety issue rather than merely a design preference. The recall does not require millions of owners to replace their vehicles. It does show how one of electric cars’ most recognizable design signatures is being rewritten by safety rules.
📈 Stocks rise as bond-market swings ease. American stocks moved higher as Treasury yields calmed after several days of unusually sharp moves. The Standard & Poor’s 500 (S&P 500) rose 0.5%. The Dow Jones Industrial Average gained 424 points, or 0.8%, in midday trading. The Nasdaq composite also advanced 0.5%. The S&P 500 was heading toward only its second gain in six sessions since reaching a record. Bond yields remained volatile but moved less violently than earlier in the week. The 10-year Treasury yield rose to 4.73% from 4.69%. Oil uncertainty remains closely tied to those moves because higher energy prices can worsen inflation expectations. Brent crude edged 0.2% higher to $93.96 per barrel. Ross Stores ($ROST) gained 5.2% after beating profit and revenue expectations. Bitcoin climbed above $77K after trading below $63K one week earlier. That helped Robinhood Markets ($HOOD) jump 11.9% and Coinbase Global ($COIN) gain 9.2%. Gold also climbed above $4,660 per ounce from less than $4,440 a week earlier. Investors have been responding to Treasury Secretary Scott Bessent’s plan to increase government repurchases of longer-term bonds. The intervention has not ended concerns over inflation, federal borrowing, or the Iran war. It has, for now, reduced the intensity of the bond-market swings that repeatedly knocked stocks away from record territory.
👀 ICMYI
1. 6.7 quake shakes Peru’s southern Andes and injures at least two.
2. Russian drones kill at least 14 at a shopping center in Kryvyi Rih.
3. Iranian families struggle as war and sanctions crush household budgets.
4. Aisha Wahab wins California’s special election to succeed Swalwell.
5. Court slashes Alex Jones’ $50M Sandy Hook judgment to $1.5M.
6. Fat Marmot Week spotlights alpine rodents after a brutal winter.
7. Alaska charter crash kills eight near a remote military radar site.
8. Former diplomat Henry Kissinger’s wife Nancy dies at age 92.
9. Alfalfa sprouts sicken 41 people in Minnesota and Wisconsin.
10. Japan executes a man convicted of killing five in a 2009 arson.
🗣️ SHARE PM DAILY
Please share PM Daily with a friend!
✍️ FEEDBACK
Feel free to reply with your candid feedback.
PM reads and responds to every single email.
That’s all for today! Hope you liked this issue.
Much obliged and many thanks for reading.
See you tomorrow, same newsletter. Onward!








