Aug 3, 2018

Texas Senate race is getting closer

Beto O'Rourke. Photo: Paul Ratje/AFP/Getty Images

The Cook Political Report just moved the Texas Senate race from "likely" Republican to "lean" Republican — another sign that things are shifting blue ahead of November.

What's happening: President Trump's disapproval rating is at 52% in Texas, and a new poll from the left-leaning Public Policy Polling shows Democratic candidate Beto O'Rourke trailing Republican Sen. Ted Cruz by just four points.

Fundraising is a big part of it, too. Cook's Jennifer Duffy writes that O'Rourke had $10.2 million in Q2, compared to Cruz's $4.1 million.

The other side: Duffy writes, "There are some observers who believe that there simply aren’t enough Democratic and Democratic-leaning independents voters to push O’Rourke across the line."

The bottom line: Just because the race has shifted to "lean Republican" doesn't mean it's Democrats' to win. Texas hasn't had a Democratic senator since 1993.

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Bob Iger stuns media world with sudden departure as Disney CEO

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In a move that shocked the media industry, Bob Iger said Tuesday he would step down from his role as CEO of the Walt Disney Company after leading the entertainment giant to unprecedented success during his 15-year run in the job.

Why it matters: Iger is credited with having successfully led Disney through a series of risky but highly-successful acquisitions that not only solidified the company's entertainment dominance, but also ultimately reshaped the entire media landscape.