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Here's your midday brief for Tuesday, July 8th. I'm Mariana Aspuru for the Wall Street Journal.

President Trump said he is sticking to his August 1st date to impose so-called reciprocal tariffs on many U.S. trading partners.

In a post on Truth Social, Trump said, quote, no extensions will be granted.

This comes a day after sending letters to various

countries, warning them of the levees. Rescue teams in Texas patrolled by foot and by airboat

in search of those still missing from flash floods that struck parts of the state over the holiday

weekend, leaving more than 100 confirmed dead. As a death toll climbed in several counties

late yesterday, an unknown number of people were still missing. The National Federation of Independent

Business said today that its optimism index, which is a gauge of sentiment among small firms,

edged down 0.2 points to 98.6 in June. The NFIB said excess inventories were a key factor in the decline.

And Kirk Tanner will be stepping down as Wendy's CEO later this month to assume the top role at Hershey,

succeeding Michael Buck as president and CEO of the chocolate company, effective August 18th.

Ken Cook, Wendy's CFO, will be interim CEO while the board finds a permanent successor.

We'll have a lot more coverage of the day's news on the WSJ's What's News podcast.

You can add it to your playlist on your smart speaker or listen and subscribe wherever you get your podcasts.

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