President trump on iran says attacking their capabilities having to do with the hormuz strait; knocking out iran's offensive capability; think a deal is possible; want to be reimbursed for protecting countries that we're helping in strait of hormuz

President trump signs executive orders related to utah protected lands

U.S. central command posts on x "at 4:45 p.m. et today, U.S. central command began launching the third consecutive night of strikes against iran, at the commander in chief's direction. these strikes will continue imposing a heavy cost on iranian forces and degrade their ability to attack innocent civilians and commercial shipping in the strait of hormuz."

Live on the hugh hewitt show, president trump on iran, says going to hit them hard tonight, tomorrow; iran mou was a test, they did not honor it; i get along with netanyahu very well, i disagree with netanyahu sometimes and i let him know

New jersey governor sherrill signs legislation launching procurement process for new nuclear energy, setting strong safeguards to protect ratepayers from costs

U.S. military to resume iran blockade, effective july 14

USA federal budget balance for june -120.0b vs -132.8b est

Major indices are trading lower after fed's waller warned that the fed may need to consider rate hikes in the near term if there is hot core inflation data tomorrow. escalating conflict between the U.S. and iran has contributed to overall market weakness.

Fed's waller says personally would prefer an inflation range as a target; i personally would prefer a range for a target; seems reasonable to aim for 1.5%-2.5% inflation; sometimes a point estimate is too restrictive in terms of judging success, failure regime change means you don't ask current regime to run one of the task forces; we are going to learn a lot from task forces; all are going to have valuable impact

Fed's waller says some of the job market uncertainty resolved itself this year, it's been a stunning turnaround; markets believe fed will get inflation down to 2%, we have credibility; i think our credibility is intact, market believes we will do our job; not interested in symbolic rate hikes; like that we have a clear price index for our benchmark; can't have inflation be like porn, you know it when you see it; that's not how central bankers should think

Fed's waller says i cannot speak for the committee but i can speak to the median point of the dots; i would release the dots a day after the meeting; wish we'd never bought mbs; it's going to take us another decade to get rid of mbs

Fed's waller says bls is getting more responses later in the payrolls survey cycle; not worried about bigger bls payrolls revisions; unemployment rate has traditionally been best indicator of labor market; it has been very stable;

Fed's waller says not clear how easy monetary policy can deal with demand on ai; if i get another higher reading on inflation, i'll treat that as signal, not noise; if i get another higher inflation print i will treat that as signal not noise; it will be a useful signal; if inflation comes down in next reading, will need a couple more that way to see that as 'signal'

Fed's waller says now is not the time to use forward guidance; no theory in economics says withholding information is good; want markets to have as much information as possible; surprising people is not a good idea; surprising people is not a good idea

Fed's waller says i see no reason ever to be in a scarce reserves regime; if can figure out way that banks don't need as much reserves, no problem with shrinking balance sheet accordingly; lot of dispute how much you can shrink balance sheet on reserve demand alone; task force will think about how seriously we can think about reducing balance sheet; have a hard time seeing where balance sheet at current size is causing problems

Fed's waller says we've gotten persistently better and stronger job reports; ai may be affecting financial conditions; if ai were to pop or pull back would see pretty big changes in financial conditions

Fed's waller says tariffs, energy prices, demand from ai buildout are factors in upward pressure on inflation; earlier concerns that higher oil prices could push up prices more broadly have greatly diminished; labor market stable, close to fed's maximum-employment goal; he expects solid consumer spending growth, strong ai-related investment to continue; labor market not a source of inflationary pressure, or a concern for strength of economic expansion

Fed's waller says concerned about equally plausible case that tighter policy will be needed; he expects a deceleration in headline inflation starting with this week's inflation data; but will be focused on core reading; real side of economy in good shape; he is determined to avoid repeating fed's mistake in 2021; but labor market not as tight now, and inflation expectations anchored; household, business spending resilient despite higher goods costs from tariffs, energy price surge from middle east conflict

Fed's waller says if there is another hot reading on core inflation this week, U.S. central bank will need to consider rate hike in near term; would need to see several months of lower core inflation to feel inflation is moving in right direction; he is concerned about elevated pace of core inflation; still a credible case for inflation to fall back to 2% without higher rates; he is committed to returning inflation to 2% target; also to avoid over-tightening policy and risking recession

Un's shipping agency spokesperson says awaiting further details on trump comment that U.S. will charge 20% for cargo through hormuz; un's shipping agency against charging fees for any strait used for international navigation; no legal basis for introducing mandatory tolls for transit through a strait

California attorney general rob bonta today led a coalition of 12 attorneys general in filing a lawsuit challenging the $110b acquisition of warner bros. discovery by paramount skydance

Fcc cutting satellite approval lag in half, chairman says' - bloomberg

U.S. expands cuba sanctions with targeting of tourism industry' - bloomberg news

Critical 4 hours ahead, korea and iran drive selling in us markets

President trump on truth social says i recommended lindsey graham's sister, darline, to serve as interim senator from great state of south carolina

California governor newsom signs legislation to offer $3,500 state discount to first-time ev buyers

Trump regulators seek to discourage loans to undocumented immigrants'- wsj

President trump on truth social says hormuz strait is open, and will remain open, with or without iran; reinstating iranian blockade; U.S.a. will be known as " guardian of hormuz strait," but will be reimbursed at rate of 20% on all cargo shipped; process and formation will begin immediately

Dubai plans new port to bypass strait of hormuz' - financial times

Iran's revolutionary guards spokesperson says by interfering in the strait of hormuz, the U.S. seriously jeopardized the security of global oil and gas supplies

Iran's top joint military command: to leaders of regional countries, any cooperation with the U.S. will be considered war against iran

Iran's top joint military command says iran will not allow the U.S. to intervene in the management of the strait of hormuz

President trump says we had a deal and iran broke it; we will be guardian of the strait and get paid for it

President trump says about iran and oil that we're taking over strait; iran didn't get anything from me; iran has nothing

Opec july monthly oil market report lowers 2026 global oil demand growth from 970k to 780k barrels/day

Stock market today: dow futures gain, s&p 500 slips as us and iran exchange strikes—saratoga, exxon mobil, levi strauss in focus

President trump earlier on truth social posted: "senator lindsey graham, one of the greatest people and senators i have ever known, is dead! he was always working, and was a true american patriot. lindsey will be greatly missed!!!"

U.S. republican senator lindsey graham died saturday evening at 71 after a "brief and sudden illness" - ap

Us insists iran commit to stopping attacks in hormuz strait, say us officials'- reuters

A four-way phone call involving the united states, iran, pakistan and qatar is expected to take place' - al arabiya

U.S. senators say agreement reached with trump on russia sanctions bill' - reuters news

New 'ex-elon' etfs would strip musk's tesla and spacex from major indexes

U.S. baker hughes oil rig count +0 to 445 (unchnaged); U.S. baker hughes natgas rig count +1 to 127; U.S. baker hughes total rig count 581 vs 580 prior

Exclusive: berkshire’s alphabet, unitedhealth buys show ceo greg abel is expanding the playbook, expert says

Iran's top negotiator ghalibaf says recent conflict will never end with iran's surrender

Semis volatile as traders wait for sk hynix's discount to micron to close

U.S. loosens export controls on uae, potentially increasing military, satellite, spacecraft and advanced computing exports

Fed's july monetary policy reports says strong factory output driven by data center investment tied to ai; U.S. productive capacity rising at solid pace; activity in housing market has been stagnant; some private credit vehicles faced notable increases in redemption requests in q1, reflecting some defaults and concerns about underlying asset quality; first quarter 2026 growth bolstered by high tech investment, government spending

Fed's july monetary policy reports says inflation remains elevated, driven by tariffs and factors related to middle east war, ai; already strong inflation ticked up further in the spring; labor market broadly stable, 'solid' nominal wage growth has been joined by ‘strong’ productivity gains; economic activity expanding at solid pace despite elevated uncertainty due to iran warasset values in stocks, corporate debt, residential real estate above historic norms; foreign economic activity growth was subdued

President trump says iran has asked us to continue talks; have agreed to iran talks, but united states has stated to them, in no uncertain terms, that cease fire is over