
- In today’s CEO Daily: Diane Brady talks about Trump’s assault on the universities.
- The big story: U.S. debt investors do not like Trump’s “big beautiful bill.”
- The markets: The bond market is awake and angry.
- Analyst notes from UBS on Moody’s downgrading U.S. debt, Macquarie on the end of American exceptionalism, Convera on the U.S.’s “Liz Truss” problem, and Pantheon on the mortgage market.
- Plus: All the news and watercooler chat from Fortune.