House Democrats contend the $15 per hour minimum wage bill will lift workers who have not seen the benefits of a strong economy.Politicsread more
The Philadelphia Fed saw its primary gauge measuring the sector jump from 0.3 in June to 21.8, far better than Wall Street estimates of 5 and the highest in a year.Economyread more
Stocks erased earlier losses, but the rise was kept in check as Wall Street digested a mixed batch of corporate earnings results.US Marketsread more
"It's better to take preventative measures than to wait for disaster to unfold," Williams told the annual meeting of the Central Bank Research Association.The Fedread more
The fact that interest rates are relatively low makes the idea of a so-called insurance rate cut later this month an attractive option for the Fed.Market Insiderread more
Video of the event does not show the president disagreeing with his supporters. Instead, it shows that Trump paused as the chant began, allowing his supporters to continue...Politicsread more
President Trump said he's looking at the JEDI Contract that will be awarded to Microsoft or Amazon.Technologyread more
Hacker Square at Facebook's headquarters pays homage to the company's early motto of moving fast and breaking things.Technologyread more
It's tempting to view Netflix as a possible replacement for the entire media ecosystem. But execs on its Q2 earnings call showed lower ambitions: It just wants to create the...Technologyread more
These are the stocks posting the largest moves midday.Market Insiderread more
Jeffrey Epstein, a former friend of Presidents Donald Trump and Bill Clinton, had asked a judge to release him on a bond of as high as $100 million or more.Politicsread more
First Read is a morning briefing from Meet the Press and the NBC Political Unit on the day's most important political stories and why they matter.
Yesterday morning, we wrote that Donald Trump's campaign seemed like it was unraveling over his inexplicable clash with the Khan family. Twenty-four hours later, the word "unraveling" seems like an understatement. Take a look at what's happened in the last 24 hours:
What are we missing? Any one of these items would be problematic on a normal campaign day. This all happened since 8am yesterday. With all that, do we need to be asking a new question: Do Republicans go public with their hope that Trump withdraws from the race? We're at the point where there's GOP chatter about key Republicans coming out hard against their own nominee - and especially eyeing Trump's falling polling numbers to gauge the point at which they need to come up with a "break glass" backup plan to save down-ballot seats. Republicans have been hoping that Trump would change his ways for nearly the entirety of his campaign to no avail. (And for a GOPer, it's got to be hard to read the transcript of that Washington Post interview and come away not thinking that something drastic has to be done.) If you're a Republican, can you just un-endorse Trump, or do you take the next step to push the candidate to get out now for the good of the party?
Lest it be lost in the series of events above, let's pause to consider just one of Trump's utterances from yesterday: After receiving a Purple Heart from a supporter (either a real or a replica, depending on who you ask), Trump said "I've always wanted to get the real Purple Heart. This was much easier." Imagine for a moment that this comment hadn't come amid a roiling firestorm over Trump's treatment of a Gold Star family. And imagine that the New York Times hadn't run a front-page article YESTERDAY MORNING about Trump's avoidance of the draft during the Vietnam War. Even without those backdrops, put those words into the mouth of ANY past presidential candidate, Republican or Democrat, and that comment almost certainly would have been labeled a near campaign-ending gaffe, a mistake that certainly couldn't be explained away as a joke, and at the very least a headline for weeks. In 2016, it wasn't even the most blockbuster Trump news of the AFTERNOON. It's certainly up for debate as to whether the political-media apparatus as a whole was on too much of a hair-trigger watch for "campaign-ending gaffes" in previous cycles, but yesterday - like many before it - is yet another signal of just how dramatically Trump has shifted the lens through which we view this campaign.
With fresh new numbers from our ad-buying partner, SMG Delta, it's clear once again that we're entering a general election campaign that's completely asymmetrical when it comes to traditional resources. According to SMG, Hillary Clinton and her affiliated PAC Priorities USA Action have reserved a total of $98 million in ad time through the fall, with about $22 million of that set to run by the end of the Olympics later this month. That includes time in a total of nine swing states in addition to national cable ads. Team Trump? Just $817,000 reserved, all from pro-Trump PAC Rebuilding America Now, in just three states (plus national cable) - Ohio, Pennsylvania and Florida. Of course, it's worth noting that Clinton and her allies have already shelled out about $68 million on the airwaves, compared to Trump's $6 million or so, and - while Clinton is leading now - she certainly hadn't put this thing away as of the start of the conventions. And observers are right to point out that Jeb Bush and his allies spent over $82 million in ads, almost all for naught. But the ad firepower an already weak Trump will face while playing almost no defense is astonishing.
Check out Ari Melber's in-depth reporting today on the nuts and bolts of Donald Trump's proposed plan to address Muslim immigration . Melber and his spoke to more than 20 security and immigration officials, who said Trump's plan would be virtually impossible to implement and would cripple the U.S. immigration system.
Finally, don't miss last night's news out of Kansas, where incumbent Rep. Tim Huelskamp - a hard-line conservative and major foe of former House Speaker John Boehner -- lost his primary to a political newcomer. He's the fourth House incumbent (and the third Republican) to lose this primary season. From NBC's Leigh Ann Caldwell: "Huelskamp, who came into office during the tea party wave of 2010, was challenged by a pro-business Republican, Roger Marshall. The race became a battle of the PACs. On Huelskamp's side was small government groups Club for Growth and the Koch-backed Freedom Partners and Americans for Prosperity. In Marshall's corner was ESAFund, financed by Joe Ricketts, owners of the Chicago Cubs, and the Chamber of Commerce."
Both Hillary Clinton and Mike Pence campaign in Colorado… Tim Kaine is in North Carolina.. . and Donald Trump is in Florida.