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BY JONATHAN KETZ

ANCHOR AUSTIN KIM

 

You're watching multisource global video news analysis from Newsy.


This is Newsy Now, and here are your latest headlines.

The Senate passes the debt bill 74 to 26.
MSNBC says it had supporters on both sides -- including budget hawks.

“One of the things that we’ve seen in this debate is Tea Party is not a monolith. It’s easy to talk about as a group coming in to cut and cut and cut. A significant number of so-called Tea Party members just voted for this thing.”

The European Union is extending sanctions on Syrian Defense Minister Ali Habib -- to hold him accountable for civilian deaths. But -- the EU isn’t the only cracking down.

“The United Nations Security Council is meeting for a second day to see what response it can get to the ongoing killing of night prayers. Last night the Syrian military forces started shelling mosques.”

Egyptian security forces move the last of protesters in Tahrir square. The country---getting ready for the trial of former Egyptian President Hosni Mubarak. New York One explained what the military did--- to get protesters out.

“Several hundred had been camped out for weeks trying to put pressure on the country's temporary military rulers. Most of the protesters left when Ramadan started -- but dozens remained. The government dispatched armored vehicles and riot police, who fired shots and used clubs.”

June U.S. spending dropped 0.2 percent. It’s the first monthly decline in 20 months.
In the same month, incomes increased just 0.1 percent.
That’s the weakest they’ve been in nine months. CNBC explains what some companies are doing in response.

“The personal spending number was quite awful. That’s really the reason why you’re not getting a release rally out of the debt vote today. You had that weak number yesterday from the ISM yesterday. You’re seeing stocks from the Tiffany’s, the Coach, the Sachs, Nordstroms. Some of these big names from really a consumer standpoint and have helped this market go forward---are pulling back.”

And in sports---the NBA files a lawsuit against its players. The league filed an unfair labor practice claim before the labor relations board. It also filed a federal lawsuit in the New York district court. Here’s ESPN.

“The NBA also filed a federal lawsuit to establish that if the lockout does not violate federal antitrust laws. It also asserts that if the players association decertification were lawful, all existing contracts would be void and unenforceable. ”

Stay with Newsy for all your news throughout the day. For Newsy Now, I’m Austin Kim hi-lighting your top headlines, making you smarter---faster.

 

Transcript by Newsy. 

Politics News

Newsy Now: August 2nd (1730 GMT)

August 2, 2011
(2:21)
Senate approves bill; EU extends sanctions; Hosni Mubarak will go to trial; Consumer spending drops; NBA files lawsuit.
   
TRANSCRIPT

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