Bloomberg Daybreak: US Edition

Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) President Donald Trump hardened his stance toward Iran as negotiations to reopen the Strait of Hormuz continue, pronouncing that the Islamic Republic must pay reparations for past attacks. Trump made his sweeping new demands on Monday after accusing Tehran of itself seeking compensation for war damages through public statements even though the issue had never been raised in negotiations.
2) President Donald Trump renewed his administration’s efforts to dismantle the childhood vaccination schedule with a direct attack on the measles shot, returning to a politically unpopular issue and making unproven scientific claims just months ahead of the midterm elections.
3) Intel Corp. raised $20 billion in an upsized share sale, a third more than it was targeting when it announced the deal Monday morning.The chipmaker priced the offering at $95 per share, according to a company statement. That represents a discount of 6.5% to Friday’s closing price, according to Bloomberg calculations. The share sale drew more than $100 billion in demand, people familiar with the matter said.
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Today's top stories, with context, in just 15 minutes.

On today's podcast:

1) President Trump said the US was only "semi-negotiating" with Tehran on the Strait of Hormuz, and that the US was "low keying it" as Iran faces huge inflation and no money. Iranian Supreme Leader Mojtaba Khamenei's military adviser Mohsen Rezaee was named the new leader of the Supreme National Security Council, replacing Mohammad Bagher Zolghadr, and has been an advocate for full Iranian control over Hormuz. Tehran published a list of demands for Washington as conditions for fully reopening Hormuz, including lifting the naval blockade, withdrawing forces, removing sanctions, and releasing frozen assets, which may be difficult for the US to meet alone.
2) Israeli Prime Minister Benjamin Netanyahu rejected a proposal by US-backed mediators for disarming Hamas, saying "Israel does not accept the 15-point document." Netanyahu stated that the Israel Defense Forces will not carry out any withdrawal until Hamas is genuinely disarmed and it will continue to thwart threats against Israeli forces and citizens. The Board of Peace described the roadmap as its deal with Hamas, rather than with Israel, and said that nobody is required to do anything before verified steps are taken on the ground by the Palestinian cadres.
3) The US Supreme Court has a reputation problem, with polls showing poor approval ratings and a record low support amid continued attacks on the institution from President Trump. A majority of Americans believe the justices tend to act for political reasons, not legal ones, which experts see as unhealthy and potentially dangerous. The court's reputation has been driven down by factors including a hyper-partisan confirmation process, polarizing decisions, and ethics controversies, leading to calls for Congress to impose term limits or expand the court.
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Our Town from Bloomberg’s Big Take podcast follows residents of Gainesboro, Tennessee, after a group of far-right Christians moves in with plans for a radical social experiment.

Listen to Episode 1 on the Big Take.

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Bloomberg Daybreak Weekend with Host Nathan Hager take a look at some of the stories we'll be tracking in the coming week.
In the US – a look ahead to U.S CPI and PPI data, along with a focus on 3 stocks for the week ahead.
In the UK – a look at some of Europe's biggest energy companies on their recent performance.
In Asia – a look ahead to a monetary policy decision from the Reserve Bank of Australia.
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US employers unexpectedly cut jobs in July and hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought after surprising strength earlier this year.
Nonfarm payrolls decreased 23,000 last month following a combined 103,000 downward revision to the May and June figures, Bureau of Labor Statistics data showed Friday. The unemployment rate fell to 4.1% as labor force participation continued to slide, and wage growth slowed.
Bloomberg's Tom Keene and Damian Sassower break down the numbers with:
Claudia Sahm, Chief Economist at New Century Advisors
Constance Hunter, Chief Economist at EIU
Kristina Campmany, Senior Portfolio Manager at Invesco
Andrew Hollenhorst, Chief US Economist at Citi
Stephanie Roth, Wolfe Research Chief Economist
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