Ceasefire will be indefinite, Trump says, as top economist puts risk of recession at 40% if Hormuz stays closed
Everything you need to know before you reach the office this morning.
Good morning. On Fortune’s radar today:
- Gates Foundation investigates ties to Epstein.
- Ceasefire will be indefinite, Trump says.
- Hormuz closure pushes chance of recession in the U.S. to 40%.
- Markets: S&P futures decline after record high.
- Iran could face the USA in the World Cup 😬Â
- Kevin Warsh may not arrive at the Fed until after the war.
This story was originally featured on Fortune.com
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