The Dow rallied on better-than-expected news from the jobs market. The S&P also closed higher, continuing its positive run.
Local governments are also starting to follow suit. Undefeated thus far, the Colombian national team has provoked euphoria.
Iran and six world powers are saying they want to agree upon a nuclear deal this month. Troublingly, Iranian officials now appear to be laying the ground work for an excuse should the talks fail. They also don't appear to be preparing for significant reductions in its uranium enrichment capacity, which the U.S. says is critical to any agreement.
The House Ethics Committee is undoing a recent change to its annual financial disclosure form that deleted information about free trips members have taken. Members had explained the change as a way to streamline paperwork, particularly when more detailed information is available elsewhere. They decided the bad publicity wasn't worth the trouble.
While a debate rages over the future of the Export-Import Bank in Washington, D.C., the bank's potential demise has drawn warnings from the other Washington — Washington state. Ashley Gross of KPLU reports that businesses, labor unions and politicians are raising alarm bells about potentially severe consequences.
The job market improved in June, as employers added 288,000 workers to their payrolls and the unemployment rate fell to 6.1 percent. In another welcome development, the ranks of the long-term unemployed declined.
On the first night of Ramadan, the Islamic State of Iraq and Syria announced it would change its name to, simply, the Islamic State, declaring that the land it had captured in Syria and Iraq constituted a new caliphate. The group's leader is trying to use this new narrative to wrest control of the global jihad from al-Qaida.
The World Health Organization is wrapping up an emergency meeting with officials in West Africa about the Ebola virus. Local health ministries are saying they don't have enough funds to help contain what is now the largest and deadliest Ebola outbreak on record.
Immigration protests are expected to continue for some time in Murrieta, Calif. After protesters turned away buses of undocumented immigrants bound for a processing center, the town now finds itself at the center of the political debate on immigration.
The improving labor market in June did not translate into significant pay hikes. Wages were just 2 percent higher compared with a year ago. Consumer prices have been rising at a 2.1 percent rate.