Morning Briefing — June 16, 2026

Trump Iran Deal. Former President Trump's Iran deal is facing skepticism and scrutiny on Capitol Hill. Senate Republicans have many questions and will not back the deal without further details. The deal is also described as silent on nuclear weapons, despite Trump claiming victory over Iran.

DOJ Investigation. Newsom stated he is under investigation by the Justice Department. The investigation also includes his wife. The Justice Department has not commented on Newsom's statement regarding the investigation.

GOP Primary Races. Trump's endorsement power faces crucial tests in primary and runoff elections in Georgia and Alabama. Five primary races are highlighted as key to watch. The Georgia showdown pits Trump against Kemp in a GOP Senate race.

Fed Chair Moves. All eyes are on Fed chair Kevin Warsh as he makes his first moves on interest rates. This development is seen as significant for the economy. Citi also sees "some form of relief in sight" for inflation.