A.M. Edition for July 24. <a href="https://www.wsj.com/livecoverage/stock-market-today-dow-sp-500-nasdaq-07-24-2026?mod=lctimeline_finance_viewall?mod=WSJ_WNPOD" target="_self" rel="noopener noreferrer">Global markets are reckoning</a> with the prospect of prolonged conflict in the Middle East and rising inflation as <a href="https://www.wsj.com/business/energy-oil/oil-prices-roar-back-threatening-economy-and-gops-midterm-hopes-73df238a?mod=hp_lead_pos3" target="_self" rel="noopener noreferrer">oil prices roar back</a> – pushing up borrowing costs in the U.S. and Asia. Plus, hotel chain Melia pulls out of Cuba in a blow to the island’s <a href="https://www.wsj.com/world/americas/foreign-businesses-are-fleeing-cuba-as-its-economy-collapses-f9b369bf" target="_self" rel="noopener noreferrer">vital tourism sector</a>. And WSJ defense reporter <a href="https://www.wsj.com/news/author/alistair-macdonald" target="_self" rel="noopener noreferrer">Alistair MacDonald</a> explains how Europe is turning to homegrown defense technologies in an effort to counter U.S. dependence. Luke Vargas hosts.

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