The Daily Brief
Today
Good morning. The Missouri Supreme Court unanimously blocked new congressional districts backed by Donald Trump from being used in the November election, ordering a statewide vote on the maps. The Republican-drawn plan was designed to benefit Republicans; the state’s highest court ruled Thursday evening against the lines, and Trump condemned the decision.
A global bond sell-off persisted after economist Mohamed El-Erian, in a wide-ranging interview, warned the U.S. Treasury had taken "a step too far" with its market intervention. Federal Reserve Governor Christopher Waller then advocated holding interest rates steady if inflation continues to cool, prompting a market rally and a dip in global bond yields on Thursday.
In Greece, Prime Minister Kyriakos Mitsotakis is about to unveil an economic support package aimed at alleviating a cost of living crisis as he lays out his broader economic agenda ahead of next year’s national elections.
The Trump administration announced excavation will begin within two weeks on a triumphal arch at Memorial Circle on Columbia Island, with Interior Secretary Doug Burgum confirming the timeline. The plan drew an angry warning from a Democratic lawmaker. Simultaneously, billionaire Leon Black, under two subpoenas from the House Oversight Committee, filed a lawsuit arguing the panel lacks authority to compel him to share nondisclosure agreements.