☀️ Morning Brief
Morning Brief
Monday, August 3, 2026
🇺🇸 US News
- Washington wildfires have burned roughly 600 structures near Spokane and forced about 60,000 evacuations.
- Todd Blanche rescinded Trump's proposed "anti-weaponization" fund after GOP senators threatened to block his attorney general bid.
- More than 4 million people are no longer receiving SNAP benefits amid major federal food-aid cuts and rule changes.
- Senate leaders reached a funding deal meant to avoid a shutdown during campaign season.
🌍 World News
- Iran denied Trump's claim that new U.S. talks would begin Monday, while separate Oman negotiations continue over Strait of Hormuz access.
- Newly released photos of Aung San Suu Kyi gave her family hope after 2.5 years without confirmed outside contact.
- A Sudan army drone strike on a court session killed 35 people, according to a rights group.
- Morocco denied responsibility for the Ceuta border surge as deaths from the crossing crisis approached 100.
📈 Stocks
- U.S. stock futures pointed to a cautious open after a volatile week driven by Fed expectations, Big Tech earnings, and war risk.
- Treasury yields were in focus as investors weighed bond-market stress, geopolitical risk, and the next inflation read.
- The yen jumped after rare U.S.-Japan intervention, adding currency volatility to the market's Monday setup.
🤖 Top AI News & Updates
- Alibaba released Qwen3.8-Max as an open-weight model meant to challenge U.S. frontier labs.
- OpenAI published new advances in mathematics and theoretical computer science, spanning geometry, cryptography, and complexity.
- TechCrunch reports that June emerged from stealth with a $20M pre-seed round to simplify enterprise AI deployment.
- A judge denied xAI's bid to block Minnesota's ban on "nudify" apps, letting the state law proceed.
🏗 AI Related Stocks
- AI chip names are entering earnings season with AMD and SanDisk flagged for momentum.
- Japanese semiconductor and AI memory stocks were in focus as investors rotated through the global AI hardware supply chain.
- The Nasdaq 100's weak July stretch left investors watching which AI-linked megacaps can hold up into August.