2026-07-04
Iran buried its leader. Ukraine hit Russian oil. Markets hit records. Trump traded stocks before tariff news.
Hello. Saturday brought funerals in Tehran, a confession from Jack Smith about his own jeopardy, and the detail that the President executed over 300 stock trades the day before announcing tariff pauses. Meanwhile, European markets closed at record highs, and a Supreme Court justice just handed Republicans a legislative roadmap on birthright citizenship.
Weekend Update
Democratic senator Ed Markey said Republicans stole Supreme Court seats in 2016 and 2020, and is pushing colleagues to expand the court from nine to 13 justices.
European bourses closed Friday at all-time highs as investors remained optimistic the Federal Reserve will hold rates steady.
The Supreme Court's decision this week clarified federal agency authority in a way that removed uncertainty for equities.
The women's sports activist called the Supreme Court ruling worth celebrating but said the years-long fight has left her deeply tired.
The Supreme Court protected the Fourteenth Amendment clause granting unrestricted citizenship to virtually all individuals born on American soil. Opponents say other options remain available.
The prosecutor said he could be indicted by the Department of Justice given Trump's animus toward him for prosecuting the president in two criminal cases.
The 86-year-old was killed in an air strike at the start of the US-Israeli war with Iran. Iranian authorities unveiled the casket on Saturday as mourners gathered.
Justice Kavanaugh's concurrence offers Congress a roadmap for legislatively restricting birthright citizenship after the Supreme Court rejected a birthright order. Republicans immediately began drafting bills.
"Background noise. Drink water."
"Below the radar. Statistically rare; enjoy it."
Markets celebrated. Iran mourned. Trump traded stocks before tariff news dropped.
Back at 12:00 PM ET with the weekend update brief.