Lindsey Graham Remembered as ‘American Original’

Key takeaways

Lindsey Graham was remembered as a significant and influential figure in American politics, known for his persuasive skills and dedication to foreign policy.
The Trump administration's move to end the Medicare drug plan subsidy could increase costs for many seniors, reflecting ongoing policy debates about healthcare costs.
The Federal Reserve's upcoming interest rate decision is uncertain, influenced by recent economic data and geopolitical risks, with particular attention to comments from Fed Chair Kevin Worsh.
Corporate earnings reports reveal mixed performances, with some companies like Boeing and UPS facing challenges, while others like Coca-Cola and Visa are optimistic about growth.
A novel dating strategy is emerging among young adults, utilizing spreadsheets to assess compatibility beyond typical online dating metrics, highlighting changing approaches to relationships.

Summary

Tribute to Lindsey Graham and his Legacy

This section covers the memorial events held in Washington D.C. to honor the late Senator Lindsey Graham, who recently passed away at age 71. The service included a military procession, a funeral at the National Cathedral attended by international leaders such as Israeli Prime Minister Benjamin Netanyahu and Ukrainian President Volodymyr Zelensky, and remarks from political figures including Vice President JD Vance and former President Donald Trump. Trump recounted their longstanding friendship and Graham's influential role in U.S. politics, highlighting Graham's ability to persuade others and his dedication to U.S. foreign policy, especially related to Ukraine and Russia.

Policy and Political Developments: Medicare, the Fed, and Global Tensions

This section discusses key current events including the Trump administration's plan to end a subsidy program for Medicare prescription drug plans, which could lead to higher premiums for about 25 million Americans. It also covers the Federal Reserve's upcoming July policy meeting amid uncertainty about interest rate decisions, with analysis from WSJ's Nick Timiraos on the challenges faced by new Fed Chair Kevin Worsh in communicating their intentions. Additionally, the segment touches on geopolitical tensions in the Strait of Hormuz, where Iran and Oman are negotiating a ceasefire, impacting global oil markets.

Corporate Earnings and Market Trends

Here, the focus is on various corporate earnings reports and market movements. Boeing reported a quarterly loss driven by cost overruns and increased production costs, despite a record backlog of aircraft. PayPal raised its profitability forecast amidst speculation about a potential takeover by Stripe and AdVenture International. UPS improved its outlook but saw quarterly profit decline due to fuel costs and restructuring charges. Coca-Cola and Visa also reported strong sales and announced job cuts, respectively, influencing their stock performances. Overall, markets showed mixed results.

Innovations in Dating: Using Spreadsheets to Find Compatibility

The segment introduces a trend among Gen Z and Millennials of using spreadsheets to evaluate potential dating partners. Singles include criteria such as personal values, lifestyle preferences, and long-term goals in spreadsheets to find more compatible matches. The approach aims to create order amidst the overwhelming number of options available through online dating apps, and to prioritize long-term compatibility over fleeting attraction. The discussion also touches on generational differences in dating habits, with older audiences viewing the trend as unusual.

Show notes

P.M. Edition for July 28. The Washington, D.C. funeral for Lindsey Graham, who died earlier this month, drew current and formal officials and foreign leaders. President Trump gave a eulogy for the late senator, his one-time rival turned friend and adviser. Plus, the Trump administration is ending a subsidy program that helped hold down premiums for Medicare drug plans—a move that could make health care more expensive for some seniors. And the Fed’s July meeting kicks off today, with a decision expected tomorrow. WSJ chief economics correspondent Nick Timiraos explains why this is one of the most unpredictable meetings in years. Alex Ossola hosts.

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