Kevin Warsh Sparks Bond Rout After Fed Decision; US Strikes Iran Again | Daybreak Europe 7/30/2026

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from London, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, US 30-year treasury yields hit their highest since 2007 after the Federal Reserve held interest rates for the fifth straight meeting. The hold raised doubts about Chairman Kevin Warsh's commitment to tackling inflation. Samsung reported a 250-fold jump in profit at its semiconductor arm, easily beating expectations. Microsoft’s cloud unit grew at the fastest clip in four years. Today's guests: Jean-François Decaux, JCDecaux, Co-CEO; Ellie Henderson, Investec, Economist & Olivier Blum, Schneider Electric, CEO (Source: Bloomberg)

Republicans Kill Attempt to Stop Trump’s Corrupt IRS Immunity Deal

Republicans apparently have no problem with President Trump protecting himself and his family from any tax investigations ever again. On Thursday, the Senate Finance Committee voted down an amendment to a tax procedure bill that would have prevented the IRS from making any tax audit immunity deals with a sitting president, their family, or any connected entities. It also would have effectively killed Trump’s IRS audit immunity deal and required the Treasury Department to report any related agreements to Congress. Every Republican on the committee voted against the amendment, including Senators Bill Cassidy and John Cornyn, who will be leaving the Senate at the end of this year after being defeated in GOP primaries by Trump-backed challengers. Cornyn and Cassidy have vocally opposed Trump’s settlement deal with the IRS, which not only would give the president, his family, and his businesses protection from audits from the IRS, but also calls for the creation of a nearly $1.8 billion slush fund for anyone who claims to have been victimized by “political weaponization” from the federal government. Cornyn in particular has vowed to vote against Todd Blanche’s nomination for attorney general until he gets a written agreement that the slush fund is dead and the IRS audit immunity deal is narrowed in scope (so as not to apply to future filings). But their opposition to the settlement seems to end at actually taking any legislative action against it. The amendment vote was forced by Democratic Senator Ron Wyden, the ranking member on the committee, and was supported by every Democrat on the committee. The amendment failed by a 14–13 vote. “Our office has received more than 7000 messages from constituents expressing their opposition and anger,” Democratic Senator Maria Cantwell told Bloomberg Law. “We need to make clear to those law-abiding citizens that the well-connected are not above the law and they don’t get a free pass when it comes to compliance with our tax laws.”Other Republicans on the committee claimed that approving the amendment would have doomed the bipartisan bill altogether. It’s a package of changes to tax procedures, including collections, processes, and administration. Republican Senator Mike Crapo, the committee’s chair, said “this is not the place” to resolve the settlement. “If this bill were to become the vehicle where this issue is resolved, it would achieve basically making this bill a partisan bill,” and that “would turn this bill into a bill that has a much dimmer future for becoming law,” Crapo said. He and his fellow Republicans haven’t offered any other solutions to Trump’s unprecedented and outrageous IRS settlement, though.

DOJ suffers setback in New Jersey voter roll lawsuit despite illegal registrants scandal

The Justice Department suffered its 18th straight loss on Wednesday in its nationwide campaign to obtain unredacted state voter rolls, as a federal judge dismissed the Trump administration‘s lawsuit against New Jersey despite the state’s recent disclosure that thousands of noncitizens were illegally registered to vote. U.S. District Judge Zahid Quraishi, an appointee of former President Joe Biden, granted New […]

'Hypocritical!' Mamdani Appoints Lawyer for Black Nationalist Cop-Killers to Judicial Advisory Board After Blocking Jewish Judge for Representing Ghislaine Maxwell

New York City mayor Zohran Mamdani (D.) is under fire for snubbing Jews from an influential judicial advisory panel and blocking the nomination of a former judge, who is Jewish, because he once represented Ghislaine Maxwell. But Mamdani tapped a left-wing attorney who has represented multiple convicted cop-killers—including two black nationalists who murdered two New York City police officers—to serve on the committee, the Washington Free Beacon found. The post 'Hypocritical!' Mamdani Appoints Lawyer for Black Nationalist Cop-Killers to Judicial Advisory Board After Blocking Jewish Judge for Representing Ghislaine Maxwell appeared first on .

Sen. Tommy Tuberville Explodes at Fauci Hearing: ‘He Should Be LOCKED UP Before He Leaves This Building Today… He KILLED PEOPLE!’ (VIDEO)

In a fiery interview during Wednesday’s Senate Homeland Security and Governmental Affairs Committee hearing, Sen. The post Sen. Tommy Tuberville Explodes at Fauci Hearing: ‘He Should Be LOCKED UP Before He Leaves This Building Today… He KILLED PEOPLE!’ (VIDEO) appeared first on The Gateway Pundit.

GOP senator abruptly halts meeting after Trump pick ignores demand to kill slush fund

Sen. John Cornyn (R-Texas) has canceled his meeting with President Donald Trump's candidate for attorney general, Todd Blanche, after the Justice Department made it clear it doesn't have any further information on confirmation that the so-called "slush fund" was officially eliminated as a possibility, reported MS NOW producer Kyle Griffin. During his confirmation hearing before the Senate Judiciary Committee, Blanche was questioned about the nearly $1.8 billion "Anti-Weaponization Fund" that could be used to give a kind of restitution to anyone who felt they'd been wronged by the DOJ in the past. This includes Jan. 6 attackers who both confessed and were convicted of crimes related to a violent riot at the U.S. Capitol Building.“Hopefully they now recognize the seriousness of this,” said Cornyn, according to a Politico report. “I haven’t seen a single piece of writing that is responsive to what I’ve requested.”“Maybe they think I’m just going to give up or, you know, go along, but they’re mistaken," he added. Judiciary Committee Chairman Chuck Grassley (R-Iowa) said Cornyn must indicate whether he's a "yay or nay" on Blanche by 4 p.m. on Wednesday. According to Politico, Grassley needs to know "if the vote could go forward, putting the Trump administration on a tight timeline if it wants Blanche confirmed before the Senate starts its summer recess next week."Blanche has maintained for the past several months that the fund is "dead" and that it would not be created. The problem, Cornyn said, is that the legal agreement that Blanche and Trump came to about the IRS would still establish the fund. Trump sued the IRS after his personal information was leaked in a data breach along with over 405,000 other people and businesses. When Blanche asserted the fund was "moot," Cornyn asked, "Well, I would refer you to the settlement agreement. Do you happen to have a copy of that in front of you?"Cornyn read the language verbatim from page four of the agreement: "This settlement agreement can be modified, may be modified only upon the written agreement of the parties. Has there been a written agreement of the parties to modify the settlement fund?"Blanche claimed that the fund was not going forward, so there is no modification to the agreement between Trump and the government. "Well, so the settlement agreement remains as it was originally. But I hear what you're saying is it — is the settlement agreement enforceable as a contract by the parties?" he asked.Blanche said that it was and would be considered an "enforceable document."Kathleen Williams, U.S. District Judge for the Southern District of Florida, published a 56-page ruling not only denouncing the case as "an exercise in self-dealing," but also bashing Trump's so-called "settlement" over his IRS lawsuit, a case "that had no viable basis in law or fact." Blanche has continued to refuse to sign a legal document asserting that the slush fund is dead.

Given These Bizarre Remarks From NJ's Governor About Illegal Alien Voters, What's She Hiding?

Federal Judge Halts Minnesota's Prediction Market Ban, Signaling Other States' Efforts Might Be Illegal Too

A preliminary injunction will keep Kalshi and Polymarket active in the state after a district judge found federal law preempts the state's ban.