strained relationship between china and the united states. and on capitol hill, kyrsten sinema is in the spotlight. the arizona senator is staying sigh leapt on whether she will support a major bill for her own party. good morning and welcome to way too early on this wednesday, august 3rd. i m jonathan lemire. thanks for being with us. we re going to begin with that major victory for abortion rights. voters in kansas have rejected an effort to remove the right to the procedure from the state s constitution. this marks the first time abortion rights was put to a vote since the supreme court overturned roe v. wade back in june. with the november midterms coming up, the kansas vote signals that abortion could be an energizing issue. according to an associated press estimate, turnout for yesterday s primary far exceeded other recent contests with about 900,000 kansas voters casting a ballot. president biden celebrated the win, writing in part, this vote makes clear what
in fact, the u.s. ten year move was the fourth biggest in the last five years. today investors will be keeping a close eye in developments around taiwan and get more commentary from more fed speakers. so those are two big points to watch today. we certainly will keep our eyes out for those. also this, the second quarter earning season continues to roll on. companies including starbucks, uber and caterpillar reported their results yesterday. give us a quick sense of those and what else we can look for today. these were really interesting ones. starbucks beat estimates. they are seeing very strong u.s. demand for cold drinks. interestingly also starbucks said that u.s. consumers are not trading down, which is a big question as we prepare for a higher interest rate environment. they re also not reducing their spend on coffee despite inflation. uber meanwhile, also delivered upbeat set of results. the company did report a quarterly loss, but the revenue line came in better than expecte