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Magnolia Mornings: August 31, 2026

Magnolia Mornings: August 31, 2026

By: Magnolia Tribune - August 31, 2026

Magnolia morning
  • Important state and national stories, market and business news, sports and entertainment, delivered in quick-hit fashion to start your day informed.

In Mississippi

Mississippi Women’s Summit set for Monday, Tuesday in Jackson

Attorney General Lynn Fitch will host the 2026 Mississippi Women’s Summit at the Mississippi Coliseum and Trade Mart, with nearly 1,800 women registered.

This free, two-day event will include speakers like Riley Gaines and Sarah Thomas, first woman NFL referee; a panel on women’s wellness; a cooking demonstration by Oxford caterer Elizabeth Heiskell; and performances by singer songwriter Holly Williams and comedian Mary Ryan Brown.

Danica Hart will emcee the event and share a special tribute to Dolly Parton.

The 2026 Women’s Summit will also feature a vendor area of more than 130 women-owned businesses from across the State, who will be offered a free seminar from Amazon about listing their businesses on the Amazon platform. RSVP is required to attend this event. 

National News & Foreign Policy

1. U.S. House back in session… for now

House Speaker Mike Johnson, R-La., at the Capitol in Washington, Friday, Jan. 3, 2025. (AP Photo/Mark Schiefelbein)

Politico reports that “the House is back in session Monday for the first time in five weeks. It’s not clear how long members will stick around.”

“Speaker Mike Johnson is hoping to tick the lone essential item off the chamber’s to-do list in lawmakers’ first days back: sending a shutdown-averting spending bill to President Donald Trump’s desk. Otherwise, the Capitol Hill agenda is devoid of must-pass legislation until later in the year,” Politico reported. “Meanwhile, the thin GOP majority has had trouble opening the House floor for debate on any number of legislative priorities, and many Republicans lawmakers are simply eager to get back home ahead of the November midterms rather than endure more headaches in Washington.”

Politico continued, “Together that has fueled open speculation among members and aides that House leaders will call it quits until mid-November much sooner than the currently scheduled Oct. 1 exit date.”

2. Trump wants SCOTUS to decide transgender troop ban

A general view of the U.S. Supreme Court, Friday, June 23, 2023, in Washington. (AP Photo/Mariam Zuhaib)

As reported by the Washington Post, “The Trump administration on Friday asked the Supreme Court to allow the U.S. military to discharge roughly two dozen transgender service members in a case that could decide the constitutionality of President Donald Trump’s transgender troop ban. The high court could decide to hear the case in the term that begins in October.”

“The importance of the issue lies in what it concerns: the authority of the federal government to determine who may serve in the Nation’s armed forces,” Solicitor General D. John Sauer wrote in a petition to the high court.

WP further reported, “The Supreme Court in May 2025 allowed the ban to move forward on a temporary basis, as litigation plays out in lower courts. The case now before the high court involves 28 transgender service members who argue the ban violates the Constitution’s guarantee of equal protection. The outcome could decide whether that group of troops may continue to serve, but also may affect the status of other transgender service members.”

Sports

1. Ole Miss takes Chambliss, Lacy Heisman campaign to Las Vegas Sphere

(Photo from Ole Miss Athletics)

Ole Miss took its H6I5MEN campaign for Trinidad Chambliss and Kewan Lacy to the iconic Sphere in Las Vegas over the weekend.

From Sunday to its season opener, the exterior of Sphere will showcase the Rebel football standouts as Ole Miss builds further momentum around two of its most prominent players entering the 2026 campaign, which kicks off next Sunday, September 6 at 6:45 p.m. against Louisville in Nashville.

Ole Miss Athletics said Sphere’s enormous LED display will bring the Rebels’ star players to audiences throughout Las Vegas while generating a striking visual presence across social media for Ole Miss Football.

2. JSU wins season opener in Nashville

(Photo from JSU Athletics)

Jackson State scored late to defeat Tennessee State 26-24 Saturday night inside FirstBank Stadium in Nashville at the 2026 John Merritt Classic.

Andrew Ivaniciuc kicked a 21-yard field goal with 2:31 remaining to give Jackson State (1-0) a 26-24 lead, and it was the Tigers’ defense that held late in the contest to force a field goal attempt with under 50 seconds remaining.

Tennessee State muffed the snap, enabling Jackson State to tackle the holder and come out with the season-opening win. Ivaniciuc finished the night 4-for-5 on field goals, including connecting from 45 yards and a career-high 51-yard field goal late in the third quarter to extend the Jackson State lead to 23-17.

Markets & Business

1. Corporate profits booming

(From Wall Street Journal)

According to the Wall Street Journal, “Profits are booming at America’s biggest companies—and their leaders say that likely won’t change soon. From Target and J.M. Smucker to farm-equipment maker Deere, companies spanning the breadth of the U.S. economy are ringing up heftier sales and earnings. In recent days, many have raised financial outlooks for the year, citing robust sales as just one of the reasons.”

“Chalk the good times up to a confluence of fortunate events: red-hot artificial-intelligence spending, federal spending and the windfall companies are getting in the form of refunds of some of their past tariff payments. Plus, a booming stock market and high home values are helping many shoppers keep spending, even as plenty of others struggle to absorb rising prices,” WSJ reported. “Across S&P 500 companies, per-share earnings soared 53% in the second quarter from a year earlier, while sales rose nearly 16%, according to data from LSEG. Investment gains from tech giants Amazon.com and Alphabet added fuel to the big earnings surge.”

WSJ added, “Even without those gains, S&P 500 earnings rose the most since fall 2021. Quarterly sales also climbed more than they have in years. By a nearly 2-to-1 margin, more companies raised their profit guidance for the current quarter than lowered it—a turnaround from a year ago, when more were lowering their outlooks.”

2. Futures down but still on track for month of broad gains

Stock trading market

CNBC reports that “stock futures fell on Monday after military action resumed between the U.S. and Iran for the first time in a month.”

“Dow Jones Industrial Average futures traded 74 points, or 0.1%, lower. S&P 500 futures slipped 0.2%, while Nasdaq 100 futures were down 0.1%,” CNBC reported. “Oil prices jumped after the hostilities resumed. U.S. West Texas Intermediate oil traded more than 3% higher at above $86 per barrel, while global benchmark Brent crude oil futures were up more than 3% at above $91 a barrel.”

CNBC noted, “Heightened tensions in the Middle East have contributed to choppy trading in August, but Wall Street is currently on track for a month of broad gains, led by the tech sector.”

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Magnolia Tribune

This article was produced by Magnolia Tribune staff.