🗳 Half of Young Americans Back Democratic Socialism, Poll Finds
A new CNBC Generation Lab poll finds nearly half of Americans aged 18 to 34 favor democratic socialism and hold strongly negative views of the U.S. economy.
The survey highlights a significant ideological shift among younger voters, with economic pessimism appearing to drive support for alternative political and economic models among the generation entering the workforce and electorate.
🛂 ICE Plans $20M Purchase of Electric-Shock Gloves
U.S. Immigration and Customs Enforcement is seeking to spend up to $20 million on electrified gloves that deliver painful shocks to gain compliance from combative individuals, according to a Department of Homeland Security notice published Monday.
The device, the CTG 5 GLOVE, is manufactured by Compliant Technologies, which describes it as a "conductive distraction and de-escalation" tool — and calls it "humane" and "low-optics." An unspecified quantity is set for delivery by March 2027.
⚡ US Crude Stockpiles Surge by 17.4 Million Barrels
U.S. crude oil inventories jumped by 17.4 million barrels in the week ending August 7, according to the Energy Information Administration — one of the largest single-week builds on record.
Commercial stockpiles now stand at 424.4 million barrels, just 2% below the five-year seasonal average. The figure far exceeded the American Petroleum Institute's earlier estimate of a 9.07 million barrel increase for the same period.
The sharp inventory build signals a significant supply surplus and typically exerts downward pressure on crude prices.
🇺🇸 Trump Orders Childhood Vaccine Schedule Review Before Midterms
President Trump signed an executive order aimed at overhauling the childhood vaccine schedule, thrusting vaccine policy back into the political spotlight three months before the midterm elections.
The move could complicate matters for vulnerable Republicans seeking to retain control of Congress, as the party navigates a politically sensitive issue with broad public health implications.
Iran's newly appointed secretary of the Supreme National Security Council said Tuesday the Strait of Hormuz will remain closed until the U.S. changes its behavior and accepts Iran's conditions to end the war.
The statement signals Iran is using control of the critical waterway as direct leverage in negotiations with Washington. The Strait of Hormuz is one of the world's most vital oil transit routes, carrying roughly a fifth of global oil supplies.