Nightly News - Tue July 14 2026
Daily Tech Reader
Nation
Trump Drops the 20% Hormuz Toll - Replaces With Gulf State Investment Deals, but U.S. Blockade of Iranian Ports Goes Ahead
Trump reversed course on the 20% cargo fee announced Monday, replacing it with promised Gulf state investments in the U.S.; the Iranian port blockade went into effect as planned, with CENTCOM striking Iranian targets immediately beforehand and declaring the waterway open to all shipping except Iranian vessels.
Sources: Fox News · NPR · CNN · CNBC · Al Jazeera
Iran Strikes Two UAE Oil Tankers in Strait of Hormuz -- One Crew Member Killed, Eight Wounded
Iran's IRGC struck and disabled two UAE oil tankers while transiting the southern Hormuz lane in Omani territorial waters, killing one crew member and wounding eight others; the UK Maritime Trade Operations center confirmed two vessels were hit by Iranian missiles Tuesday.
Sources: CNN · CNBC · Al Jazeera · UKMTO
Senate Democrats Block NDAA 50-46 -- Defense Policy Bill Fails Amid Iran War Objections
Senate Democrats blocked the National Defense Authorization Act 50-46 Tuesday, citing objections to the ongoing war in Iran; the NDAA is typically a bipartisan must-pass measure and its failure marks one of the most significant Senate votes against executive wartime authority in years.
Sources: CNN · AP
Netanyahu Warns Iran: "Don't Count on Silence" -- Vows Decisive Response to Any Attack on Israel
Israeli Prime Minister Netanyahu posted Tuesday that Iran's leaders should "not count on a replay -- it will be a different broadcast, far more powerful," adding "we are prepared for every scenario" as Iranian attacks on regional U.S. allies continued.
Sources: Fox News · Times of Israel · AP
June CPI Comes In Cooler Than Expected at 3.5% -- Below 3.8% Forecast, Energy Price Drop Key Driver
The Bureau of Labor Statistics reported June CPI rose 3.5% year-over-year, below the 3.8% consensus forecast, with prices falling 0.4% month-over-month driven by a 10% drop in gasoline prices; core CPI held at 2.6%, also below the 2.9% expected.
Sources: BLS · The Street · IG UK · 24/7 Wall St.
World
Kish Island Power Plant Hit in U.S. Strike -- CENTCOM Conducting Fourth Consecutive Day of Iran Strikes
A power plant on Iran's Kish Island was damaged in a U.S. strike Tuesday morning per Iran's state media, while CENTCOM confirmed additional strikes targeting Iranian capabilities used to attack Hormuz shipping; explosions were also reported in Bandar Abbas and near Sirik.
Sources: CNN · Fars News · CENTCOM · Al Jazeera
Oman, Qatar, Pakistan Continue Mediation -- Ceasefire Framework Described as "In Tatters" by Crisis Group
Iran's Foreign Minister Araghchi said Iran remains in contact with Oman, Qatar, and Pakistan on de-escalation, but the International Crisis Group described the June 17 MoU as "in tatters," with both sides using force to impose contradictory readings of the agreement's ambiguous terms.
Sources: CNN · NPR · International Crisis Group
Only 22 Ships Crossed Hormuz on July 9 -- Down From 147 the Day Before the War Began in February
Kpler tracking data showed just 22 commercial vessels crossed the Strait of Hormuz on July 9, compared to 147 crossings the day before the U.S.-Israel attack on Iran began February 28; the blockade's reimposition is expected to drive that figure lower still.
Sources: NPR · Kpler · CNN
Brent Crude Above $80 Tuesday Despite Toll Reversal -- Refiner Stocks Hitting All-Time Highs
Oil held above $80 a barrel Tuesday even after Trump dropped the 20% cargo toll, as the Iranian tanker strikes kept supply risk elevated; Valero, Marathon Petroleum, Phillips 66, and Par Pacific all hit all-time highs, with several refiners up more than 80-120% in 2026.
Sources: CNBC · 24/7 Wall St. · The Street
Technology
Goldman Sachs Surges 7.6% on Blowout Q2 -- JPMorgan Beats at $6.14 EPS; Citi Falls 5.8%, Wells Fargo Off 3.3%
Goldman Sachs surged 7.6% after Q2 revenue and EPS crushed estimates; JPMorgan reported record revenue across every business line with EPS of $6.14 against the $5.59 estimate; Citigroup and Wells Fargo fell despite both beating, as guidance disappointed investors.
Sources: The Street · CNBC · IndMoney · IG UK
IBM Crashes 22% -- CEO Blames Surprise Client Capex Shift to Servers and Memory for Q2 Miss
IBM warned Tuesday that Q2 adjusted EPS came in at $2.93 on $17.2 billion in revenue, missing estimates of $3.01 and $17.86 billion; CEO Arvind Krishna attributed the shortfall to clients shifting capital spending toward servers and memory, away from large IBM software and infrastructure deals.
Sources: The Street · 24/7 Wall St. · CNBC
Semiconductors Rebound Tuesday -- VanEck Semiconductor ETF Up 2.5% After Monday's Selloff
Chip stocks bounced Tuesday after Monday's sharp decline, with the VanEck Semiconductor ETF climbing 2.5%; Applied Materials gained 5.3%, Teradyne advanced 4.9%, and AMD rallied after JPMorgan reiterated the AI chip selloff reflected crowded positioning rather than any fundamental demand shift.
Sources: The Street · CNBC · JPMorgan
Fed Chair Warsh Testifies Before House Financial Services Committee -- First Humphrey-Hawkins Appearance as Chair
Fed Chair Kevin Warsh delivered his first semiannual Humphrey-Hawkins congressional testimony Tuesday before the House Financial Services Committee; nine of eighteen FOMC participants projected at least one rate hike before year-end, with the median year-end rate projection now at 3.8% versus 3.4% in March.
Sources: IndMoney · IG UK · CNBC
Business & Markets
S&P 500 +0.38%, Nasdaq +1.08%, Dow Flat -- Cool CPI and Bank Beats Lift Markets Despite Iran Turbulence
The S&P 500 closed at 7,543.59 and Nasdaq at 26,107.01 Tuesday, as cooler-than-expected CPI and Goldman's blowout quarter offset ongoing Iran concerns; the Dow scraped flat at +9.63 points, weighed down by IBM's 22% crash.
Sources: The Street · CNBC · AP
JPMorgan Revenue Hit Records Across Every Business Line -- Equity Markets Division Up 86% Year-Over-Year
JPMorgan reported Q2 managed revenue of $58 billion, topping all estimates, with its equity markets division surging 86% year-over-year; EPS of $6.14 beat the $5.59 consensus and surpassed Q1's $5.94, making it the bank's strongest quarter ever across virtually every metric.
Sources: CNBC · IndMoney · The Street
Refiner Stocks at All-Time Highs -- Valero +83%, Marathon +86%, PBF +123% in 2026 as Crack Spreads Widen
Oil refiner stocks hit all-time highs Tuesday as wide crack spreads drove windfall earnings; Valero is up 83%, Marathon 86%, Phillips 66 56%, Par Pacific 108%, PBF 123%, Delek 103%, and HF Sinclair 79% year-to-date.
Sources: The Street · CNBC
SK Hynix Seoul Shares Fall 8% Tuesday -- Post-IPO Profit-Taking Hits After Record Nasdaq Debut
SK Hynix shares fell more than 8% on the Seoul exchange Tuesday, extending a sharp decline following the company's record-breaking $26.5 billion Nasdaq IPO; analysts attributed the selloff to profit-taking and ADR arbitrage rather than any fundamental change in the company's outlook.
Sources: CNBC · The Street
Science & Health
Heat Dome Now Hitting the Midwest and Northeast -- Chicago, Minneapolis, Cleveland, and Pittsburgh in Extreme Heat Through Wednesday
The heat dome that shattered records across Montana, Utah, and the Dakotas last weekend is now baking the Midwest and spreading east, with the NWS forecasting extreme heat across Chicago, Minneapolis, Cleveland, and Pittsburgh; the dome is expected to reach the I-95 corridor by Wednesday with highs approaching 100 degrees.
Sources: NWS · AP · Weather.com
NWS: Overnight Lows Most Dangerous Element of This Wave -- Multiple Cities Forecast Above 80 Degrees Tonight
Health officials warned that the most dangerous element of this heat wave is overnight temperatures that fail to allow the body to recover, with several Midwest and Northeast cities forecast to see lows above 75-80 degrees tonight; the NWS has issued heat advisories covering more than 60 million people.
Sources: NWS · AP · U.S. News
Sports
Spain 2-0 France -- Oyarzabal Penalty, Porro Finish Send La Roja to World Cup Final; Mbappe Shut Out
Spain defeated France 2-0 at AT&T Stadium in Dallas: Mikel Oyarzabal converted a penalty in the 22nd minute after Lamine Yamal drew a foul, and Pedro Porro scored on a give-and-go in the 58th to seal it; Mbappe was largely neutralized and received a yellow card for a late foul.
Sources: FIFA · NBC News · Yahoo Sports · Al Jazeera
England vs. Argentina -- World Cup Semifinal Tonight at 3 p.m. ET, Mercedes-Benz Stadium, Atlanta
England face Argentina tonight in Atlanta in a rematch charged with World Cup history; Jude Bellingham, who scored twice against Norway, leads England's attack while Lionel Messi, still tied for the Golden Boot with 8 goals, leads the defending champions in their bid for a third straight final.
Sources: ESPN · Yahoo Sports · FIFA · NBC News
Spain in the World Cup Final -- Will Face Winner of Tonight's England vs. Argentina; Final Set for Sunday at MetLife Stadium
Spain advances to the World Cup final for the first time since their 2010 title; the final is Sunday at MetLife Stadium in East Rutherford, New Jersey at 3 p.m. ET, with Spain facing either England or Argentina.
Sources: FIFA · NBC News · ESPN
Entertainment
France vs. Spain Draws Largest Soccer Audience in U.S. Television History -- Fox Reports 43 Million Viewers
Fox confirmed Tuesday evening that France vs. Spain drew 43 million viewers across Fox and Telemundo, surpassing the Belgium-USMNT match's record of 30 million linear viewers and setting a new all-time record for any soccer broadcast in U.S. history.
Sources: Fox · Telemundo · AP · CNBC
Netflix Reports Thursday -- Q2 Earnings on Deck as AT&T Stadium Economic Haul Estimated at $500M for Dallas Region
Netflix reports Q2 earnings Thursday as this week's final major earnings event; Dallas-Fort Worth regional officials estimated the France-Spain semifinal generated approximately $500 million in direct economic activity, the largest single-event economic impact in the region's history.
Sources: Wall Street Journal · Dallas Morning News · FIFA
World Cup Final Sunday at MetLife Stadium -- England or Argentina vs. Spain; Fox and Telemundo Project 50M+ Viewers
Fox and Telemundo are projecting Sunday's World Cup final could draw more than 50 million viewers if England advances, given the size of the combined English-language and Spanish-language audiences for a Spain-Argentina or Spain-England final.
Sources: Fox · NBC · CNBC · FIFA
Weather
Heat Dome Reaching Northeast Wednesday -- 60 Million Under Heat Advisories; Records Likely From Ohio Valley to I-95 Corridor
The NWS has heat advisories covering more than 60 million people from the upper Midwest through the mid-Atlantic as the heat dome pushes east; Wednesday brings dangerous heat to New York, Philadelphia, Washington D.C., and Boston, with highs in the mid-to-upper 90s and overnight lows offering little relief.
Sources: NWS · AP · AccuWeather · Weather.com
Coming Up
Tonight: England vs. Argentina World Cup Semifinal (3 p.m. ET, Atlanta) · Wednesday: ASML, Morgan Stanley Earnings · Thursday: Netflix, Taiwan Semiconductor, UnitedHealth, GE Aerospace Earnings · Sunday: World Cup Final, MetLife Stadium (3 p.m. ET)
Tonight's England-Argentina semifinal sets the World Cup final bracket; ASML and Morgan Stanley report Wednesday alongside Johnson and Johnson, United Airlines, and Kinder Morgan; Thursday brings Netflix, Taiwan Semi, UnitedHealth, and GE Aerospace; the final is Sunday at MetLife with kickoff at 3 p.m. ET.
Sources: Daily Tech Reader
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