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It's a new workday.

Here's your midday brief for Tuesday, March 3rd.

I'm Alex O'Slef for the Wall Street Journal.

Israel launched a wave of strikes on Iran today, striking a key leadership compound in Tehran.

Israel also said it struck Hezbollah command centers and weapons storage facilities in Beirut

and has stationed troops in southern Lebanon.

Meanwhile, Iran has continued to fire at Israel and other targets in Gulf states. The U.S. Embassy in Saudi Arabia was hit for a

second time today. Initial reports indicated there were no casualties. U.S. stocks opened lower

today, with the Dow dropping around 1,000 points or about 2%. Bonds and Bitcoin also took a major hit while oil prices continued to push higher.

Brent Crude, the global oil benchmark, briefly topped $85 a barrel for the first time since the

middle of 2024.

And Target's new CEO says he has a plan to pull the company out of a prolonged funk.

Target reported another sluggish quarter of sales today. Comparable sales fell two and a half percent,

marking its 13th straight quarter of weak or falling sales.

Target has a turnaround plan to spend a billion dollars this year to improve technology and store staffing.

Its stock was up more than 4% in midday trading.

Heads up, an artificial intelligence tool

helped us make this episode by creating summaries

that were based on WSJ reporting

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