Nightly News
Nation
Mediators Float 10-Day Ceasefire Proposal to U.S. and Iran -- Iran Hits Tanker in Hormuz; White House Downplays Acceptance
Qatar and Pakistan presented both Washington and Tehran with a 10-day ceasefire proposal Tuesday; Iran struck a tanker in the Strait of Hormuz even as talks were described as ongoing, while the White House stopped short of accepting, saying Trump remains "focused on making Iran pay" for MOU violations.
Sources: CNBC · CNN · The Hill · Reuters
Trump Hosts Lebanon's Aoun at White House -- First Lebanese Presidential Visit in 17 Years; Trump Says He'd Speak With Hezbollah If Asked
Lebanese President Joseph Aoun met Trump in the Oval Office Tuesday in the first visit by a Lebanese head of state to the White House since 2009; Trump pledged to help Lebanon "a lot" and said he would speak with Hezbollah if Aoun requested it, while the Lebanese army entered a pilot withdrawal zone in southern Lebanon.
Sources: AP · Washington Post · PBS News · JNS · Al Bawaba
Iran Attacks Two Greek Tankers in Hormuz -- IRGC Claims Vessels Were "Non-Compliant"; Crew Abandons Ship in Lifeboats
Iran's IRGC struck two Greek-owned tankers in the Strait of Hormuz Tuesday; UK Maritime Trade Operations confirmed one crew abandoned ship in lifeboats after a projectile strike, with two additional tankers hit Sunday off the coasts of Oman and the UAE.
Sources: The Hill · CNBC · CNN · UKMTO
Pentagon Did Not Disclose Dozens Wounded in Jordan Attacks -- NYT: Helicopters Also Damaged in Iran Strikes Before Fatal Hit
The New York Times reported Tuesday that dozens of U.S. military personnel were wounded and helicopters damaged during three Iranian strikes on American forces in Jordan before the fatal Friday attack; the Pentagon had not disclosed the prior casualties publicly.
Sources: New York Times · TheStreet · CNN
ING: "Large Divisions Remain Between U.S. and Iran" -- Ceasefire Proposals Seen as Long Shots Despite Diplomatic Activity
ING commodity strategists warned Tuesday that despite the 10-day ceasefire proposal, "large divisions remain" between Washington and Tehran, with Rystad Energy noting the Houthi naval blockade puts 2.5 million barrels per day of Saudi oil at risk while Hormuz traffic remains at a near standstill.
Sources: CNBC · ING · Rystad Energy
World
S&P +0.89%, Nasdaq +1.29%, Dow +385 -- Markets Snap 3-Day Losing Streak; Chips Lead; GM and 3M Beats Drive Optimism
U.S. stocks broke a three-session losing streak Tuesday, with the S&P 500 closing at 7,509, the Nasdaq at 25,837, and the Dow at 52,225, lifted by strong GM and 3M earnings and a revival in semiconductor names; 88% of S&P 500 reporters have topped EPS estimates, per FactSet.
Sources: CNBC · Yahoo Finance · AP · Globe and Mail
GM Beats Q2, Raises Full-Year Guidance -- EPS $3.57 vs. $3.20 Est.; Revenue $48B; Truck and SUV Strength Drives 30% Profit Jump
General Motors reported Q2 EPS of $3.57 vs. a $3.20 consensus on $48B revenue, raised its full-year EBIT guidance, and said adjusted earnings rose roughly 30% year-over-year, driven by North American truck and SUV strength and narrowing EV losses; GM shares rose nearly 5%.
Sources: CNBC · AP · Reuters · MarketBeat
3M Jumps 7% After Q2 Beat -- EPS $2.40 vs. $2.25 Est.; Revenue $6.5B; Raises Full-Year Adjusted EPS Outlook
3M reported Q2 adjusted EPS of $2.40, beating the $2.25 estimate, on revenue of $6.5 billion that topped forecasts; the company raised its full-year adjusted EPS guidance to $8.80-$8.95 from $8.50-$8.70 and said adjusted operating margins improved to 24.9%.
Sources: CNBC · Yahoo Finance · Proactive Investors
Brent Hits $90.66 Tuesday -- Oil Up 1.6% as Iran Tanker Attacks and Houthi Threat Keep Supply Fears Elevated
Brent crude climbed 1.6% to $90.66 Tuesday as Iran's tanker attacks in the Strait of Hormuz and the Houthi naval blockade threat on Saudi Arabia reinforced supply fears; WTI rose to $83.80 and the national gasoline average remained at $4.01 per gallon.
Sources: TheStreet · Reuters · CNBC
Technology
IBM Full Q2 Results Tomorrow; Alphabet and Tesla After the Bell Wednesday -- AI Monetization Week Begins
IBM reports full Q2 results Wednesday at 5 p.m. ET after its pre-announced miss triggered a 25% single-day crash; Alphabet and Tesla follow Wednesday evening, with Intel on Thursday -- the four reports together represent the week's definitive test of whether AI spending is translating into earnings.
Sources: GuruFocus · Seeking Alpha · CNBC · StockTitan
Chip Stocks Surge Tuesday -- Nvidia +2.0%, SOX Index Rebounds as Earnings Optimism Returns Ahead of Big Tech Reports
Semiconductor stocks surged Tuesday, with Nvidia gaining roughly 2% and the Philadelphia Semiconductor Index bouncing sharply after last week's rout, as earnings optimism overtook Iran war and Kimi K3 concerns ahead of Alphabet and Tesla results Wednesday.
Sources: Yahoo Finance · CNBC · TheStreet · Proactive Investors
Novo Nordisk Sues Eli Lilly Over GLP-1 Patent -- Legal Fight Opens New Front in Obesity Drug Market War
Novo Nordisk filed suit against Eli Lilly over GLP-1 drug patents Tuesday, opening a new front in the billion-dollar obesity drug rivalry as both companies race to dominate the next generation of weight-loss treatments beyond semaglutide and tirzepatide.
Sources: TheStreet · Reuters · CNBC
S&P 500 Q2 Earnings Growth Tracking 24.7% -- 88% of Reporters Beat EPS Estimates; Second Straight Quarter Above 20%
With roughly 66 S&P 500 companies reporting, 88% have topped bottom-line estimates and earnings growth is tracking at 24.7% year-over-year, well above the five-year average of 16.4% -- the second consecutive quarter above 20% and seventh straight quarter of double-digit growth.
Sources: CNBC · FactSet · Yahoo Finance
Business & Markets
S&P +0.89%, Nasdaq +1.29%, Dow +385 Tuesday -- Three-Day Losing Streak Ends; Semiconductor Rally Leads
U.S. stocks rebounded Tuesday with the S&P 500 closing at 7,509, the Dow at 52,225, and the Nasdaq at 25,837, as chip stocks revived and earnings beats from GM and 3M gave investors confidence heading into the biggest reporting days of the Q2 season.
Sources: CNBC · Yahoo Finance · Globe and Mail · AP
Brent at $90.66, WTI at $83.80 -- Oil Gains 1.6% as Iran's Tanker Attacks Offset Ceasefire Proposal Optimism
Oil continued to climb Tuesday with Brent at $90.66 and WTI at $83.80 as Iran's attacks on two Greek tankers in the Strait of Hormuz offset some optimism from the 10-day ceasefire proposal; the national gasoline average held at $4.01 per gallon.
Sources: TheStreet · Reuters · CNBC · AP
ADP: Private-Sector Hiring Slowed for Fourth Straight Week -- 16,500 Jobs Added Per Week Through July 4; Labor Market Cooling
ADP data released Tuesday showed private-sector hiring slowed to an average of 16,500 jobs per week in the four weeks through July 4, down from 24,250 three weeks earlier, the fourth consecutive week of deceleration suggesting meaningful cooling in employment conditions.
Sources: Proactive Investors · ADP · Reuters · CNBC
$13B 20-Year Treasury Auction Tomorrow; $21B TIPS Thursday -- Bond Market Watches Iran and Inflation Data Closely
The Treasury holds a $13 billion 20-year bond auction Wednesday and a $21 billion TIPS auction Thursday; with Brent oil above $90 and gas at $4.01, both auctions are being watched closely for clues on whether long-term inflation expectations are becoming unanchored.
Sources: Reuters · Seeking Alpha · BigGo Finance
Science & Health
Pentagon Concealed Dozens Wounded in Iran's Jordan Strikes -- NYT Reports Helicopters Also Damaged Before Fatal Friday Attack
The New York Times reported Tuesday that dozens of U.S. troops were wounded and helicopters damaged in three Iranian strikes on Jordan before the Friday attack that killed two soldiers; the Pentagon did not publicly disclose the earlier casualties or the equipment damage, according to anonymous U.S. officials.
Sources: New York Times · TheStreet · CNN
Tropical Storm Bertha Targets Gulf Coast -- Storm Surge Watches from Florida Panhandle to Louisiana; Landfall Wednesday
Tropical Storm Bertha strengthened Tuesday to 50 mph winds about 110 miles south of Panama City, with tropical storm warnings in effect from the Florida-Alabama border to Louisiana; a storm surge of up to 4 feet is possible and Bertha could spawn isolated tornadoes over the Big Bend region before weakening near Texas by Friday.
Sources: AP · ABC News · NHC · Florida Disaster
Mid-Atlantic and Northeast Severe Storm Threat Wednesday -- Cold Front to Drive Damaging Wind and Hail From Ohio Valley East
The Storm Prediction Center is tracking an enhanced severe weather threat Wednesday as a cold front pushes east from the Ohio Valley through the Mid-Atlantic and Northeast, with damaging wind gusts and large hail the primary hazards; the front also brings a heat break for the interior Northeast after several hot days.
Sources: NWS · SPC · AccuWeather
Sports
FIFA Disciplinary Hearing Set for Argentina's Paredes -- Multiple Bans Expected Following Post-Final Altercation With Spain Players
FIFA's disciplinary committee scheduled a hearing for Leandro Paredes following his widely condemned post-final altercation at MetLife; multiple suspensions are expected, while Argentina's AFA again defended coach Scaloni's approach despite the squad's zero first-half shots and 0.2 xG in the final.
Sources: ESPN · FIFA · CNN · Yahoo Sports
Fox Sports Confirms 60.3M Final Viewers -- 2026 World Cup Delivered Seven of the Ten Most-Watched Soccer Broadcasts in U.S. History
Fox Sports confirmed the final viewership at 60.3 million and said the 2026 World Cup delivered seven of the ten most-watched soccer broadcasts in U.S. television history; Fox and Telemundo are now formally in preliminary talks with FIFA over 2030 rights from the strongest position ever.
Sources: Fox Sports · CNBC · Hollywood Reporter · AP
Messi Hints at Argentina Retirement -- Agent Confirms No Commitment Beyond 2026 Copa America Defense in 2027
Lionel Messi's agent confirmed Tuesday there is no commitment beyond a potential defense of the Copa America title in 2027, widely interpreted as the clearest signal yet that the 39-year-old's international career is effectively over following Sunday's World Cup Final defeat.
Sources: ESPN · Yahoo Sports · CBS Sports
Entertainment
Paramount-Warner Bros. Merger Remains Frozen -- Both Sides Await Hearing Date as 14-Day TRO Holds; Studios on Edge
The 14-day TRO freezing Paramount's $111B acquisition of Warner Bros. Discovery remains in effect Tuesday with no hearing date yet set; both studios are operating in a state of strategic limbo as twelve Democratic AGs pursue their antitrust case despite DOJ approval of the deal.
Sources: NPR · Variety · Hollywood Reporter · Reuters
Fox and Telemundo Formally Enter 2030 World Cup Rights Talks With FIFA -- Record Season Gives Broadcasters Historic Leverage
Fox Sports and Telemundo confirmed Tuesday they have formally entered preliminary discussions with FIFA over 2030 World Cup U.S. broadcast rights, following confirmation that the 2026 tournament delivered seven of the ten most-watched soccer telecasts in American history.
Sources: CNBC · Hollywood Reporter · AP
Netflix Continues to Trade at 52-Week Low -- Stock Down 12% From Pre-Earnings; No Catalyst Until Q3 Data in October
Netflix's stock remained near its 52-week low Tuesday with analysts noting the next meaningful catalyst -- Q3 subscriber numbers and ad revenue data -- is not due until October, leaving the stock vulnerable to continued Iran-war macro pressure and broader market volatility in the interim.
Sources: Barron's · TheStreet · Hollywood Reporter
Weather
Tropical Storm Bertha -- 50 mph Winds, Storm Surge to 4 Feet; Landfall Expected Wednesday Near Louisiana-Mississippi Border
Tropical Storm Bertha is 110 miles south of Panama City with 50 mph winds and moving northwest at 5 mph; tropical storm warnings are in effect from the Florida-Alabama border to the Louisiana coast, with life-threatening storm surge of up to 4 feet possible and isolated tornadoes threatening the Florida Big Bend.
Sources: AP · NHC · ABC News · WWNYTV
Mid-Atlantic and Northeast Severe Storm Threat Wednesday -- Heat Advisory for Interior Southeast; Gulf Coast Flash Flood Risk Today
A cold front driving east will bring severe thunderstorms to the Mid-Atlantic and Northeast Wednesday with damaging winds and hail; the Southeast interior remains under heat advisories with heat indices near 100-105 degrees, and Bertha's outer bands are already triggering flash flood concerns along the Gulf Coast today.
Sources: NWS · SPC · AccuWeather · NHC
Coming Up
Tomorrow: IBM Full Q2 at 5 p.m. ET, Alphabet and Tesla After the Bell, $13B Treasury Auction · Thursday: Intel Q2, $21B TIPS Auction · Ongoing: Iran Ceasefire Talks, Bertha Landfall, Gas at $4
Wednesday is the single biggest day of the earnings season with IBM, Alphabet, and Tesla all reporting; a $13 billion Treasury auction tests bond market inflation expectations with oil above $90; Tropical Storm Bertha is expected to make landfall near Louisiana-Mississippi Wednesday as the Iran ceasefire talks continue.
Sources: Daily Tech Reader