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Former President George H.W. Bush has a blunt assessment of Donald Trump: "He's a blowhard." And his son, former President George W. Bush, has harsh words for his Republican successor as well: "This guy doesn't know what it means to be president."Those stinging comments mark the first time the former presidents are speaking out about Trump in such stark terms, as part of a new book about the father and son by historian Mark Updegrove, titled "The Last Republicans."Both men went on the record to give Updegrove their candid assessment of Trump, as well as rare insight into their thoughts on the 2016 presidential race as the drama unfolded. 653

For the first time since President Donald Trump appointed two justices to the United States Supreme Court, the Highest Court in the land ruled on abortion. It did not go the way conservatives and faith leaders had hoped. THE RULINGMedical Services LLC v. Russo, the case before the court, was whether a 2014 Louisiana law, which said abortion providers must have admitting privileges in nearby hospitals, could stand. The law would have left, for instance, only one abortion provider in New Orleans. Chief Justice John Roberts joined the four more liberal justices in declaring the law unconstitutional. "The Louisiana law imposes a burden on access to abortion.." Justice Stephen Breyer wrote on behalf of the majority. WHY IT MATTERSOn paper, conservative and faith leaders have enough justices to make significant changes to abortion rights in this country. When President Trump appointed Justice Neil Gorsuch and Justice Brett Kavanaugh to the court, conservatives had a 5-4 edge with Chief Justice Roberts, Justice Samuel Alito, and Justice Clarence Thomas. However, with Chief Justice Roberts siding with the liberal wing of the court today, it shows conservatives may be further away than they thought from any significant changes to Roe v Wade. 1261

Fischer: "The new nickname will not be announced immediately because trademark issues are pending...but insiders were told today that the 'thorough review' announced July 3 has concluded." https://t.co/zjyXTUpzM5— John Ourand (@Ourand_SBJ) July 13, 2020 261

Forget about drones and armies of people driving Amazon trucks. One big Wall Street firm thinks Amazon's plan to build up its air freight delivery service may be what really winds up hurting UPS and FedEx.Morgan Stanley analyst Ravi Shanker said in a report Tuesday that both delivery giants could lose 10% of their revenue to Amazon Air by 2025. Shanker cut his price targets on UPS (UPS) and FedEx (FDX) and both stocks plunged more than 6% as a result.It was a particularly gruesome day for transportation stocks due to worries about the broader economy and confusion about the status of US-China trade talks.The Dow Jones Transportation Average, which includes FedEx and UPS as well as leading airlines, truckers and railroads, fell 4.4% -- its worst drop since June 2016.But Shanker paints a picture that should be extremely worrisome to UPS and FedEx.He notes that Amazon (AMZN), which currently is leasing 40 cargo jets, could eventually have 100 planes running and estimates that the planned Amazon Air routes could overlap with more than two-thirds of the volume flown by UPS and FedEx.That's bad news for both companies since Shanker said that UPS and FedEx each generate nearly 20% of their overall revenue from US air deliveries.Amazon has made big investments to bulk up Amazon Air. In the past few years, it has bought stakes in two freight delivery airlines -- Air Transport Services Group (ATSG) and Atlas Air Worldwide Holdings (AAWW).It also announced plans to invest .5 billion in order to build an Amazon Air hub on more than 900 acres of land that it is leasing near the Cincinnati/Northern Kentucky International Airport. Amazon bought an additional 210 acres earlier this year.There's a simple reason why Amazon will want to handle more of its own air deliveries. According to Shanker, Amazon could save between billion and billion next year. That works out to about 3% to 6% of its global shipping costs.But on a day when the broader market was tanking, investors didn't seem too enthusiastic about Shanker's thoughts on Amazon either. Shares of Amazon fell nearly 6%. 2113

Former President George H.W. Bush will continue to recover in the hospital through the weekend, but he "is in excellent spirits," a family spokesman said Friday.Bush continues to focus on "regaining strength," but the 93-year-old former president "is looking forward to resuming his schedule and going to Maine next month," the spokesman, Jim McGrath, said in a tweet.The 41st president was moved from intensive care to a regular patient room at Houston Methodist Hospital on Wednesday afternoon. He was admitted on Sunday morning after contracting an infection that spread to his blood. Earlier Wednesday, a source close to the Bush family said the 41st president was doing much better, pointing to a tweet from Bush's Twitter account that thanked Houston authorities for their handling of Barbara Bush's funeral as a positive indication of Bush's recovery.Bush's hospitalization came just a day after the funeral of his wife, Barbara Bush. The former first lady passed away last Tuesday at the age of 92. The pair had been married for 73 years. 1054